Wall Street's Netflix Freakout, Explained

The Week - Business, The Week: Business
Wed, 07/18/2018 - 2:45am

Netflix's second quarter numbers came out this week, and Wall Street was not pleased. Shares dropped 14 percent, wiping out $25 billion in market value at a stroke. Yet you'd have to squint at Netflix's report to see anything wrong. Its revenue fell short of its forecast, but only barely: $3.9 billion versus an expected $3.934 billion.

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