Business

Netflix Stock Plunges After Announcing Low Subscriber Growth and Raising Prices

SAN RAMON, Calif. — Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video streaming leader.
The Los Gatos, California, company added 8.3 million worldwide subscribers during the October-December period, about…
Source: time

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