Netflix Stock Implodes, Subscriber Exodus Ignites 12% Plunge

A confluence of negative factors slammed Netflix in the past quarter, resulting in subscriber numbers and other metrics exposing Netflix’s vulnerabilities – and leaving the streaming giant’s stock plunging in after-hours trading. Netflix Subscribers Wave Goodbye While earnings-per-share came in at $0.60, four cents above expectations, and revenue was only $10 million short of expectations […]
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