Tag: netflix tumbles
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Netflix tumbles as slowing growth, less viewership data spook investors
July 17 : Netflix shares sank more than 10 per cent premarket on Friday after the streaming giant forecast another quarter of slower revenue gains and scaled back viewership data, fueling fears that its industry-beating growth may have peaked.In its latest disclosure pullback, the company cut the frequency of
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“Lacks excitement”: Netflix tumbles 9% as weak earnings forecast deepens doubts over growth
July 17 : Netflix’s shares tumbled 9.2 per cent before the bell on Friday following another weaker-than-expected earnings forecast from the streaming major, deepening doubts about its ability to sustain growth momentum.While the company has gone beyond its traditional subscription-driven model, relying on adv
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