Netflix’s fortunes are still won and lost on subscriber growth. And it just lost
https://qz.com/1329201/netflix-stock-is-getting-hammered-because-fewer-people-are-signing-up/
As of the close of trading today (July 16), shares of Netflix had more than doubled in value this year, pushing the company’s market value beyond media giants like Disney and Comcast. Then, the streaming-service’s stock had a reality check.
Netflix shares are down more than 14% in after-hours trading, at $343.92 at the time of this writing, after the company said it added far fewer subscribers than it forecasted during the second quarter of 2018.