The streaming wars are intensifying — and Netflix is bearing the brunt of the battle.
Shares of Netflix (NFLX) plunged more than 20% in trading Friday after the company reported fourth quarter results Thursday that reflected weakening subscriber additions — a key metric for investors that serves as an indication of its ability to grow, especially amid a backdrop of a rising number of formidable competitors.
Netflix accumulated 8.3 million subscribers in the three-month period ended…
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