It’s hard to be the king.
You could make a case that Netflix has been the most successful company of the past few years, reaching a massive number of subscribers around the world and successfully pushing into original video.
That success has led to even loftier expectations. And those expectations caught up with the company on Monday.
Netflix reported earnings for the first quarter of 2016 that disappointed investors, sending its stock tumbling more than 10% in after-hours trading.
For that kind of action, one might expect a disaster. Instead, Netflix added 6.7 million new customers around the world in the quarter. It also logged more profit than expected. Read more…
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