Netflix shares fall 13% as subscriber growth slumps in wake of Covid-19 boost

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Netflix shares fall 13% as subscriber growth slumps in wake of Covid-19 boost


Netflix added 4 million new subscribers during the first quarter. That was lower than its own expectations of 6 million and fewer than half the 8.7 million Wall Street expected. The current quarter is predicted to be even worse; Netflix believes only about 1 million people will sign up in...

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