Netflix Horror Show: The Real Reason Shares Plunged 17%
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%
- Dave Ramsey says: Don't leave an estate with...
- Renewable energy advocates decry proposed...
- Battered by recalls, GM buoyed by its large SUVs
- The Gateway adding new dining concept
- Z'Tejas closing after 13 years at The Gateway
- Balancing act: Survey says lack of balance,...
- Overstock employees ride bicycles to work to...
- Protesters from across U.S. arrested at Utah...
- Renewable energy advocates decry... 15
- Protesters from across U.S. arrested at... 12
- Obama gives protection to gay,... 7
- New solar energy project at Utah... 6
- Balancing act: Survey says lack of... 4
- Parks visitors spent $596M in Utah last... 4
- Dave Ramsey says: Don't leave an estate... 3
- Beef pollutes more than pork, poultry,... 2