For instance, Microsoft (NASDAQ: MSFT) and Netflix (NASDAQ: NFLX) have seen their share prices plunge 26% and 54%, respectively, marking their worst declines of the past decade. Microsoft 365 is the most popular enterprise application suite of any kind, and it includes a number of industry-leading software tools that address a broad range of use cases, such as office productivity, cybersecurity, communications, and business analytics. High inflation has muted consumer spending, putting pressure on Netflix's ability to add new subscribers.