As a purely financial matter, Netflix's quarterly report should not have precipitated the absolute shellacking that the company's stock suffered after-hours Monday, wiping out about $1 billion in shareholder equity. The company's loss wasnt as bad as Wall Street expected, and while its second quarter projections were light, they were only just so. Thats why I think Netflixs 16% after-hours swoon is really being driven by emotional factors, as increasingly nervous shareholders seem to be losing patience with the companys stalling growth and rocky transition from DVD rentals to video streaming.
Read more at Time.com: Netflix Horror Show: The Real Reason Shares Plunged 17%
- About Utah: All the mac and cheese they can eat
- Dave Ramsey says: Don't waste your time,...
- Utah unemployment rate hits five-year low
- Target data breach: Credit monitoring will...
- 'Pay the price or go dark': Going digital a...
- Girls who play with Barbie may not see their...
- Doug Robinson: Gail Miller — Carrying...
- Bitcoin controversy marks Newsweek's comeback
- Dave Ramsey says: Don't waste your... 14
- Girls who play with Barbie may not see... 13
- Utah unemployment rate hits five-year low 11
- 'Pay the price or go dark': Going... 9
- Carry-on crackdown: United Airlines... 3
- House backs bill to block EPA rule... 3
- Salt Lake Bees' stadium renamed Smith's... 3
- In populist appeal, Obama spotlights... 1