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posted by
martyb
on Wednesday July 18 2018, @08:38AM
from the still-growing-but-not-[as]-fast-[enough] dept.
from the still-growing-but-not-[as]-fast-[enough] dept.
Netflix shares plunged by more than 14% in after-hours trade on Monday, after the firm reported disappointing subscriber growth.
Netflix said it added 5.2 million subscribers in the three months to the end of June, the same number it did during the period last year.
The streaming service had forecast growth of 6.2 million.
The decline in share price follows a successful run for the stock, which had roughly doubled so far this year.
Is the number of Netflix subscribers reaching a plateau based on its current library of titles, or are competitors eating into its growth?
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Netflix Shares Plunge as Subscriber Growth Rate Stalls
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(Score: 3, Informative) by JoeMerchant on Wednesday July 18 2018, @05:12PM (1 child)
Thanks to this story I took a look at my Netflix account to see what plan we have... discovered that we had a $7.99/month disc rental option on our plan that we hadn't utilized in over a year... welp, that's embarrassing... and it's turned off now.
If we had any kind of consumer protection in our society, unused service vampires like that would be illegal.
🌻🌻 [google.com]
(Score: 0) by Anonymous Coward on Wednesday July 18 2018, @05:25PM
I just hold on to my dvd for months before watching. I may cycle through 3 a year for the mail service.