Netflix stock sinks 35% as subscribers fleeNetflix stock sinks reporting a loss of 800,000 U.S. subscribers in the third quarter.CNNMoney
However, the stock, which has been a darling of Wall Street this year, fell in after-hours trading. Ad Feedback Much of the company’s past growth and success, analysts say, has come from its old, well-established business model. In recent months, Netflix has made moves to expand and...
Netflix reported in April that it lost subscribers forthe first time in more than a decade. That sent shock waves through Wall Street, leading investors to wipebillions of dollars off Netflix market cap. The company’s stock has plummeted roughly 70% this year. ...
The company reported Tuesday that itlost subscribers for the first time in more than a decade. The news shocked Wall Street and sent shares plummeting 35% Wednesday morning, wiping out $50 billion in market cap. And this wasafterthe company’s stock had dropped more than 40% year to date...
Netflix's stock is up a jaw-dropping 430% over the past year, but CEO Reed Hastings isn't at all happy about it.
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However, the stock, which has been a darling of Wall Street this year, fell in after-hours trading. Much of the company’s past growth and success, analysts say, has come from its old, well-established business model. In recent months, Netflix has made moves to expand and even radical...