Netflix Inc. (NFLX) tumbled yesterday after saying a price increase had slowed subscriber growth, while coming competition from HBO gives the world’s largest subscription-streaming service a new challenge.
Netflix slid as much as 28 percent to $324.33 in extended trading yesterday after the Los Gatos, California-based company reported third-quarter user numbers that fell short of its forecast. The company blamed a recent $1 price increase for new customers, and offered a guarded outlook for this period.
Read More