Netflix Stock Tumbles as Subscriber Growth Falls

Jazzy

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"Netflix's stock fell more than 10 percent after the market closed, a drop of more than $17 billion in market value. The second quarter is typically the company's weakest period, but Netflix performed worse this time around."

Read More-->Netflix Stock Tumbles as Subscriber Growth Falls Far Below Expectations
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Just the other day I read a claim that Netflix worries little about retention, only acquisition, so they constantly get new shows to draw new subscribers, but cancel existing shows when production costs go up. But if it’s not working, maybe they’ll change their strategy. :unsure:

Your thoughts?
 

DrLeftover

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Or the people that were regular subscribers let it lapse after Netflix's last price increase and new subscribers don't want to pay that much.


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