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Low New User Numbers Send Netflix Share Price Tumbling

  • BBC, Tuesday, July 19, 2016 8:58 AM

Netflix shares fell sharply after the video-streaming firm added fewer subscribers than expected ahead of U.S. price increases. The company added 1.68 million users in the three months to June -- well below its forecast of 2.5 million. Subscriber cancellations rose "slightly and unexpectedly" ahead of higher charges for existing users. The numbers sent Netflix shares down 13%.

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