Stocks Falter as Netflix Misses On Domestic Subscribers

By Qadir AK October 19, 2019

Netflix, the American media-services provider, and production company earlier saw a rise in share prices as International Subscribers increased. However, as per the latest reports, the Netflix share price growth has become stagnant. The stocks closed at 2.4% on Thursday as compared to an 11% gain on Wednesday.

Netflix management blames the stock decrease on less domestic subscription. Though International subscriber count is increasing, the U.S. domestic subscription is not as expected. The stock further declined on Friday. The Management further accepted competition form AAPL and Disney+ and have started taking precautionary measures.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.