According to the Wall St Journal shares of Netflix Inc. plunged 35% Tuesday amid worries about how the Internet video pioneer would pay for its aggressive expansion plans and stem a wave of subscriber losses.
Until recently known for posting staggering subscriber growth and healthy profits, Netflix on Monday reported a U.S. subscriber decline and projected that a move into the United Kingdom and Ireland—on the heels of a 43-country expansion in Latin America and the Caribbean in September—will trigger a few quarters of losses next year...
http://online.wsj.com/article/SB10001424052970204777904576652952632117630.html?mod=business_newsreel
No comments:
Post a Comment