Netflix Loses Nearly 1 Million Subscribers
Netflix announced that its brand had lost almost 1 million subscribers during the second quarter. According to Netflix, the brand lost approximately 200,000 subscribers in the first 3 months of this year and almost 1 million by the end of the first quarter of the year. This was the first time that the subscriber count had fallen to such drastic levels in almost a decade, which caused the stock to post its biggest 1-day percentage failure since 2004.