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Netflix shares tank after big miss on subscriber growth

“We had a strong but not stellar Q2,” Netflix said in a quarterly letter to shareholders. Netflix said it had “over-forecasted” quarterly fluctuations in the pace of new customers. Before the earnings report, Netflix shares had gained 109 percent, making it the second-strongest performer on the S&P 500 index . …read more […]

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Netflix shares tank after big miss on subscriber growth

“We had a strong but not stellar Q2,” Netflix said in a quarterly letter to shareholders. Netflix said it had “over-forecasted” quarterly fluctuations in the pace of new customers. Before the earnings report, Netflix shares had gained 109 percent, making it the second-strongest performer on the S&P 500 index (.SPX). …read more […]

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The Latest: Amazon says it’s working to resolve glitches

Amazon says it’s working to resolve the glitches on its website that kept shoppers from buying on its much-hyped Prime Day. The hiccups could mute sales and send shoppers elsewhere on one of Amazon’s busiest sales days. Shoppers clicking on many Prime Day links after the 3 p.m. ET Monday launch in the U.S. got only images of dogs — some quite abashed-looking — with the words, “Uh-oh. …read more […]