Jul 16, 2018

Netflix shares plunge as subscriber growth stalls

Netflix shares plunged by more than 13% in after-hours trade on Monday, after the firm reported disappointing subscriber growth. Netflix said it added 5.2 million subscribers in the three months to the end of June, the same number it did during the period last year. The firm had forecast growth of 6.2 million. The decline in share price follows a successful run for the stock, which had roughly doubled so far this year.

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