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 […]
The post Netflix Stock Implodes, Subscriber Exodus Ignites 12% Plunge appeared first on CCN Markets
Source: https://www.ccn.com/news/netflix-stock-plunges-subscriber-exodus/2019/07/17/