Netflix craters, tumbling 39%, after subscriber plunge, ‘about-face’ on ads
By Lucas Shaw | Bloomberg Netflix Inc. investors punished the company for its shock loss in subscribers and abrupt turnabout to embrace advertising after years of shunning it. Shares of the streaming leader plunged as much as 39%, erasing years of gains in the biggest intraday drop since 2004. The swoon made Netflix the worst-performing…
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