Make no mistake: The drop in Netflix’s (NFLX) subscriber count is a major setback for the company, Manhattan Venture Partners Head of Research Santosh Rao told Yahoo Finance (video above).
“This is a body blow to the bull case — definitely to the Netflix story, the subscriber story,” said Rao. “Netflix was all about subscribers for so long… and it’s really taking it on the chin here.”
Netflix’s stock tanked in response to its latest round of earnings, as shares dropped by more…
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