Netflix (NASDAQ: NFLX) stock just had its worst trading day in nearly 20 years. The streaming stock plunged more than 30% Wednesday after the company reported a surprise decline in its subscriber base in the first quarter, and forecast a decrease of 2 million subscribers in the second quarter. Netflix lost 200,000 subscribers in Q1, compared to guidance calling for 2.5 million additions. Read More...
Netflix (NASDAQ: NFLX) stock just had its worst trading day in nearly 20 years. The streaming stock plunged more than 30% Wednesday after the company reported a surprise decline in its subscriber base in the first quarter, and forecast a decrease of 2 million subscribers in the second quarter. Netflix lost 200,000 subscribers in Q1, compared to guidance calling for 2.5 million additions.
