Netflix's Latest Lackluster Quarter Sent Its Stock Tumbling
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
Netflix dropped its latest horror content on Thursday, and it features a team-up of two longtime villains: a swelling budget and shrinking subscriber growth.
Despite a fourth quarter filled with high-profile, blockbuster content, the streaming giant couldn't meet its own subscriber projections in the fourth quarter. Netflix issued an even more grim forecast for the next three months, setting up a potential sequel in a budding horror franchise.
Source Fool.com
