Why Did Netflix’s Subscribers and Stock Go Down so Fast?

Netflix co-CEO Reed Hastings has long been the biggest evangelist for the platform, though now he’s effectively blamed user password sharing and competition for the company’s declining fortunes.Photo: Britta Pedersen/picture-alliance/dpa (AP) Netflix’s stock price fell so fast last month it made the Wile E. Coyote whistle sound effect of a bomb plummeting to earth. The … Read more

Netflix Hid Subscriber Losses, Shareholders Allege in Lawsuit

Netflix co-CEO Reed Hastings is one of the three heads of Netflix, along with the company, named in a lawsuit brought by investors saying the company misled them into Q1 of this year.photo: Ernest S. Ruscio (Getty Images) Netflix’s big pool of investors are not happy, not happy at all. Some shareholders are so unhappy … Read more