Netflix shares dropped more than 10% and bombed on this week’s earning results.
The company’s growth fell short of its target by more than two million subscribers. After surpassing eight years, it reported a subscriber loss in the U.S. region.
The outstanding growth of Netflix has surpassed the world’s famous Amazon (AMZN) by more than 2 times at 5,600%
The Wall Street analysts and investors took a full measure of the company’s second-quarter subscriber buffering. The stock reportedly closed at $325.21, its lowest level since mid-January.
It lost 15% of its value in the past week, as it lost reputable TV shows like The Office and Friends.