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Why Netflix Is Plummeting Today

·2 min read
Why Netflix Is Plummeting Today
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Shares of Netflix (NASDAQ: NFLX) plummeted 25% out of the gate Friday morning after its fourth-quarter earnings report revealed slower-than-expected subscriber growth and forecast future subscriber additions that seem to be falling off the table edge. Netflix reported it added 8.3 million new subscribers to its rolls in the fourth quarter, below management's own guidance of 8.5 million.