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Can Netflix Bounce Back from Failure?

FleshEatingZipper says: "Last night after I heard the news that Netflix actually lost 800,000 subscribers compared to it’s original 600,000 estimate I immediately checked out the stock value. It was trading after hours at about $86/share. Today when I checked the stock I felt like I was being stabbed in the gut and I don’t even own stock in the company. It dropped 35% from the day before’s closing bell; $119/share to $77/share, $6 billion value to $4 billion. At it’s peak it was $298/share about $18 billion value, that’s just crazy to me."

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SantistaUSA1871d ago

Well they increased their price, but the selection of movies and shows haven't really improved, so I've cancelled my subscription last month, and I've been a member for years!