For the second time this year, Netflix shares fell sharply after the company disappointed investors
Netflix Inc. shares were on course for their worst day in nearly a decade after the streaming giant reported that itShares shed a quarter of their value in premarket trading Wednesday.
Investors had expected that the company would add new users in the first quarter. Instead, Netflix said it ended the first three months of the year with 200,000 fewer subscribers than it had in the fourth quarter and said it expected to lose two million global subscribers in the current quarter.
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