Netflix's 2Q Numbers Disappoint, Stock Plunges


The news that Netflix second quarter numbers were disappointing isn't a shock. What would be shocking is if the company put out some GOOD news for a change. Kinda sad the company still hasn't recovered from that price high debacle. frown
In the latest quarter, for instance, Netflix added just 420,000 Internet video and DVD-by-mail subscribers in the U.S. That compared with an increase of 1.8 million U.S. subscribers at the same time last year, a period that was completed before the company boosted its prices.