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04-19-2016, 01:14 AM
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Netflix has a 'mo money, mo problems' problem
Netflix has a 'mo money, mo problems' problem
   It's hard to be the king.* 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... More about Streaming Video, Netflix, and Business 
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