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Netflix Blames Credit Card Changes For Slowing Subscriber Growth

Netflix chief Reed Hastings blamed changes at credit card companies for subscribers leaving the service as the company reported disappointing growth figures on Wednesday. The business had predicted U.S. subscriber growth of 1.15 million users; in fact it had added only 880,000 in the third quarter of 2015 -- down not only from its prediction but from its third-quarter 2014 increase of 980,000. The company's stock price plummeted nearly 12% on the news and then bounced back somewhat.

Read the whole story at The Guardian »

1 comment about "Netflix Blames Credit Card Changes For Slowing Subscriber Growth".
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  1. Gene Thomas from Telecom Consult, October 16, 2015 at 10:39 p.m.

    Exactly how did the credit card companies reduce Netflix sales!

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