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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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poverty, n.:
An unfortunate state that persists as long
as anyone lacks anything he would like to have.
(Score: 1, Insightful) by Anonymous Coward on Wednesday July 18 2018, @10:26PM
I'm not sure what you're calling silly. As you point out, what happened was that it's growth acceleration was 0; it still grew and grew at the same velocity as previously measured. And yet investors undies are in a bundle because of it. That's the news here and the consequences of it are anything but silly. I'm having a hard time coming up with any explanation for the reaction that doesn't make me shake my head at the state of mind of investors in US and its implication for our present and future.