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posted by Fnord666 on Sunday July 21 2019, @12:37AM   Printer-friendly
from the drawbacks-of-being-a-public-company dept.

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Netflix, Inc. ("Netflix" or "the Company") (NASDAQ: NFLX) for violations of ยงยง10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Netflix announced its second quarter 2019 earnings on July 17, 2019. During the Company's earnings call, as well as in its shareholder letter, it was revealed that Netflix gained only 2.7 million new subscribers against a forecast of 5 million new subscribers. Based on this startling news, shares of Netflix dropped by more than 13% over the next two days.

https://www.businesswire.com/news/home/20190719005440/en/


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  • (Score: 1) by NPC-131072 on Sunday July 21 2019, @12:48AM (1 child)

    by NPC-131072 (7144) on Sunday July 21 2019, @12:48AM (#869488) Journal

    Resist! [youtube.com]

  • (Score: -1, Troll) by Anonymous Coward on Sunday July 21 2019, @04:10AM

    by Anonymous Coward on Sunday July 21 2019, @04:10AM (#869529)

    Not enough nigger puppets for my liking.