Netflix Stock Drops Off By 10 Percent

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Netflix Stock Drops Off By 10 Percent

Netflix is losing people quickly, they are in a state of decline currently with many choosing not to continue their subscription.

Their shares have reportly reached a 10% decline as well.

The popular streaming company reported a loss of 126,000 paid subscribers. This is quite low when they were expected for a 352,000 gain.

Netflix has admitted to seeing the biggest losses in the regions that saw a price increase.

Netflix raised the price for consumers rose up from $10.99 to $12.99 during its Q2 reporting period.

This is the most likely reason for the decline, some may feel its too much currently and are choosing not to continue.

Netflix reported a international addition of 2.8 million subscribers, analyst projected 4.8 million.

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