Introduction
Due to missing internal projections of subscriber growth (with an outright decline in the US subs, and a significant miss in the international subs added number as well), this is what happened to Netflix's (NFLX) stock:
Source: Bloomberg
Volume was heavy at over 31 million shares traded and the stock closed close to its low for 2019. The after-market reaction was similar to what happened on 7/15/2018 (another earnings release date), but last year the stock quickly recovered during the day, finishing with a mere 5% decline. In contrast, this time around, it went