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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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Grelb's Reminder:
Eighty percent of all people consider themselves to be above
average drivers.
(Score: 1, Interesting) by Anonymous Coward on Wednesday July 18 2018, @05:49PM
I doubt that, especially considering the latest SIPP results. Only 78% of trackable households (those with a roof over their heads, among other permanence criteria) owned a computer, less than 70% a dishwasher, and 85% a clothes washer (and less own a dryer). Additionally, 10% live in a place with a "chronic" pest problem. A similar number had at least one utility disconnected, over 20% are without access to air conditioning. That doesn't even cover food and other "essential expenses" insecurity. I'm pretty sure that many of the people above would rather have what they are missing, rather than a Netflix subscription.