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.


Source: https://www.ac2news.com/2019/07/heres-why-netflix-says-it-lost-us-paid-subscribers-for-the-first-time-in-eight-years-stock-off-by-11-today/

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