Business | Technology

Netflix Shares Collapsed Today. Is it Becoming the Next Myspace?

A record-setting fall as customers lose their affection for streaming.

Editorial rights purchased via iStock Photos

Netflix announced its first subscriber loss in 10 years, sending a shockwave through Wallstreet. They shed 225,000 subscribers despite expecting to add 2.5 million this quarter.

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Sean Kernan

Sean Kernan

Quality over quantity. That guy from Quora. Writing out of Tampa, Florida.