KQED Nightly Business Report July 14, 2024
Reminded of that again this evening when netflix reported itsrt latest qly results. The company has been growing quarter after quarter, addin more subscribers than expected each time, but thats not what the dreaming service undershot its own guidance, blaming price hikes andontentofferings. It doesnt help that the company has been burning through cash to fuel the creation of its own original shows. Not surprisingly, investors were disappointed. They september the stock sharply lower in initial after hours trading tonight. Julia boorstin has more. S reporter netflix sha plummeting on subscriber...
Source: archive.org