Netflix plummets after missing big on subscriber growth

Perhaps naming Susan Rice to your board and then forking between $50-100 million to Obama who coincidentally did your bidding on “net neutrality” (which was worth millions and millions of crony dollars, likely billions) rubbed some people the wrong way. We know it did us.

That Netflix’s content keeps getting worse and worse is part of the problem too. I really missed Bob’s Burgers. If you had kept that show I might still be a subscriber.

Probably not.

(From CNBC)

Netflix missed its subscriber addition projections for the first time in five quarters, leading shares to tumble more than 14 percent at one point in after hours trading Monday.

The company reported second-quarter earnings after the market closed on Monday. In addition to a slight miss on revenue compared to estimates, Netflix posted a huge miss on subscriber additions. The company only added 5.15 million subscribers, about one million less than forecast. Domestic additions were only a little more than half of its projections, while it just added 4.5 million subscribers internationally.

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