Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Disney Stock Dropped Today

TheMotleyFool

0 0

Shares of Walt Disney (NYSE: DIS) fell 5.6% on Wednesday after Netflix's (NASDAQ: NFLX) declining subscriber figures sparked concerns of intensifying competition in the streaming arena.

Netflix lost 200,000 subscribers in the first quarter. The streaming pioneer said the launch of new streaming services from traditional entertainment companies was a key reason for its slowing growth.

Worse still, Netflix warned that its subscriber losses could expand to 2 million in the second quarter.

Source Fool.com

Like: 0

DIS

Share