Stories
Slash Boxes
Comments

SoylentNews is people

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/


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 0) by Anonymous Coward on Sunday July 21 2019, @06:42AM

    by Anonymous Coward on Sunday July 21 2019, @06:42AM (#869561)

    Sure, just like publishing bs instead of science works against the interest of humanity and even the individual researcher. But if you make sure people need to do it to keep their career you'll get bs 99.99% of the time. I mean this will likely destroy our cultural environment long before humans can destroy the physical environment, but that's what we got once the government started dominating research.