Netflix Releases Revised Subscriber Estimate, Stock Takes A Nosedive | TechCrunch
Netflix is crashing and burning in pre-trading as the company just released a statement to shareholders that cut forecasted subscribers by 1 million users. This comes after Netflix started rolling out new plans that effectively jacked prices up 60% for the most popular plan. As of this post’s writing, Netflix is down 15% [update below] and falling, almost erasing the company’s stellar 19% growth over the last year.
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