Netflix Stock Drops 13 Percent After Q2 Results Announced

Consumer Services, Entertainment and Streaming, FInance, News, Revenue and Sales, Subscriber Acquisition, Subscriber Retention /

Yesterday Netflix reported its second quarter financials for 2016, and it wasn’t pretty. Though Netflix grew its subscriber base by 1.7 million new members, this fell short of the forecast 2.5 million new members. Investors expressed their displeasure, causing Netflix stock to drop 13 percent. Can Netflix reverse the churn?

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