Netflix scores $1bn own goal after company shoots off mouth

Throwaway comment ruins investor confidence depsite solid results

A throwaway comment in the Netflix results (PDF) – suggesting that the Olympics will impact everyone's TV watching, including Netflix customers – has the company in PR trouble once again, with deeply suspicious investors, ready to jump at anything. After an innocuous set of results which looked like it had almost done enough to keep Netflix out of trouble, this comment has now shaved $1.1bn off the share price, taking its value to $3.3bn in a single day.…

via The Register - Cloud

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