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Netflix Shares Plunge After Subscribers Slump
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[quote:Anonymous Coward 77192746:MV80MDkxMzM3Xzc0MjA0Njg3XzdGMTk4MTE5] it's just more leftist garbage, as is most mass media from past several years especially [/quote]
Investors did not like what they saw in Netflix’s second-quarter results.
Shares of the company plunged by more than 11 percent in after-hours trading following the company’s release of data on new subscriptions that fell short of Wall Street expectations and company guidance.
Despite the disappointing subscription numbers, revenue jumped to $4.92 billion, which was only slightly below estimates. Profit fell to $270 million from $384.3 million a year ago.
link to www.breitbart.com (secure)
Probably because people are sick of all the shows and movies having politically correct agendas rammed down their screens all the time instead of just making shows for the sake of the story, like they used to be.
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