Does the Netflix share plunge forecast the future for tech?
Lee Hong Wei
Singapore Sales Trader
It’s earnings season in the US again! One of the most interesting companies to report so far is Netflix, the world’s largest online content streaming company. But Netflix delivered a shock as its earnings were largely disappointing in terms of subscriber numbers. The company had expected to attract an additional 6.2 million subscribers in the second quarter but only managed to sign up 5.15m, thereby missing both its domestic and international market subscriber forecasts. Read more on Netflix from our Australia market strategist, Eleanor Creagh here.