You could make a case that Netflix has been the most successful company of the past few years, reaching a massive number of subscribers around the world and successfully pushing into original video.
That success has led to even loftier expectations. And*those expectations caught up with the company on Monday.*
Netflix reported earnings for the first quarter of 2016 that disappointed investors, sending its stock tumbling more than 10% in after-hours trading.
For that kind of action, one might expect a disaster. Instead, Netflix added 6.7 million new customers around the world in the quarter. It also logged more profit than expected.* Read more...
04-19-2016, 01:14 AM
Netflix has a 'mo money, mo problems' problem
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