Here’s why Netflix says it lost US paid subscribers for the first time in eight years (Stock off by 11% today!)


This massive miss comes on the heals of Netflix doing a $100 million deal with the Obamas and after Susan Rice was named to its board.

(From CNBC)

The company on Wednesday reported a loss of 126,000 domestic paid subscribers compared with analysts’ expectations for a 352,000 gain. Netflix also missed its own forecast for global subscriber growth by 2.3 million.

Its shares plunged more than 11% Thursday.


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