Netflix Short One Million Subscribers
Netflix saw shares drop 14.5 percent today, after the company announced it was lowering estimated third quarter subscriber numbers by a million.
The news comes just two weeks after the rental giant effectively doubled subscription prices. That price hike occurred the same day cable network Starz announced that they would stop providing movie content to Netflix.
Consumers, it seems, don’t want to pay more for less.
Customer service seems to be taking a hit as well.
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