Netflix Stock Falls Amid Slowing Growth, Less Transparency
Netflix Stock Falls Amid Slowing Growth, Less Transparency.
Internet television network Netflix (NFLX) disappointed investors with mixed second-quarter results, soft Q3 guidance and news that it will reduce how often it reports subscriber engagement numbers. Netflix stock tumbled on Friday. "A light Q3 guide plus another disclosure pullback is a tough combination for a stock trying to find a bottom," Jeremy Mullin, stock strategist at Zacks Investment Research,…
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