Netflix (NASDAQ:NFLX), the titan of streaming sites, took a big hit when it posted subscriber losses in its second quarter. After years of unimpeded growth, the company announced that it lost 126,000 paid domestic subscribers in Q2. This was its first such loss since 2011, and the news caused Netflix stock to plummet 11 percent in one day.
While the streaming giant blamed the losses on regional price increases and a lack of strong content in the quarter, market saturation for streaming sites in the US is likely the biggest factor. Netflix currently competes with Hulu, ...
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