Netflix lost nearly 1 million subscribers. That's the good news.
On Tuesday, the media industry, especially those involved in streaming, heaved a great sigh of relief. That's because 970,000 customers were lost, according to Netflix's second-quarter earnings report. The company has lost the most subscribers in its 25-year existence, and while that amount is significant, it is also less than half the 2-million subscriber loss the company forecast in April, which stunned Wall Street and the streaming sector. XEM THÊM : 247 Club – Cổng game đổi tiền thật Club 247 cực chất In fact, a large portion of Netflix's Q2 report appeared to be an effort to reassure investors and the media industry that the company has learned from the news from April, when the company announced a 200,000 subscriber loss. This news caused their stock to plunge 37 percent in a day, resulting in multiple rounds of layoffs and budget cuts. The research even predicts a 1 million subscriber increase in the third quarter, which is a small bit of positive news . In a sens...