- Joined
- 23 Aug 2018
- Messages
- 24,103
- Solutions
- 4
- Reaction score
- 29,630
Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days.
Netflix acknowledged its problems are deep rooted by projecting a loss of another 2 million subscribers during the April-June period.
Netflix acknowledged its problems are deep rooted by projecting a loss of another 2 million subscribers during the April-June period.
Netflix suffers first subscriber loss in a decade, shares crash
If Netflix shares extends drop into Wednesday’s regular trading session, they will have lost more than half of their value so far this year
www.livemint.com