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07-19-2016, 12:40 AM
Netflix's growth is slowing — and investors are fleeing
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Netflix is still growing, but **t as fast as it once was.*
The streaming service added only 1.7 million members in the second quarter of 2016, nearly 1 million fewer than expectations.*
During the same period last year, Netflix added 3.3 million members.*
SEE ALSO: Netflix signs deal to exclusively stream CW shows 8 days after season finales (http://mashable.com/2016/07/05/netflix-the-cw-streaming-deal/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
"We are growing, but **t as fast as we would like or have been," CEO Reed Hastings wrote in a letter to shareholders Monday. "Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever and we continue to improve every aspect of our business." Read more... (http://mashable.com/2016/07/18/netflix-growth-slowing/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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Netflix is still growing, but **t as fast as it once was.*
The streaming service added only 1.7 million members in the second quarter of 2016, nearly 1 million fewer than expectations.*
During the same period last year, Netflix added 3.3 million members.*
SEE ALSO: Netflix signs deal to exclusively stream CW shows 8 days after season finales (http://mashable.com/2016/07/05/netflix-the-cw-streaming-deal/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
"We are growing, but **t as fast as we would like or have been," CEO Reed Hastings wrote in a letter to shareholders Monday. "Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever and we continue to improve every aspect of our business." Read more... (http://mashable.com/2016/07/18/netflix-growth-slowing/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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