Netflix (NASDAQ: NFLX) sank on Friday, adding to the brutal decline in its stock price since it delivered its first-quarter earnings report on April 19. Netflix shocked investors a few weeks ago when it disclosed that its total subscriber number fell by 200,000 in the first quarter. Worse still, Netflix said it expects to lose another net 2 million subscribers in the second quarter. Read More...
Netflix (NASDAQ: NFLX) sank on Friday, adding to the brutal decline in its stock price since it delivered its first-quarter earnings report on April 19. Netflix shocked investors a few weeks ago when it disclosed that its total subscriber number fell by 200,000 in the first quarter. Worse still, Netflix said it expects to lose another net 2 million subscribers in the second quarter.
