Dade Hayes Finance EditorNetflix shares stumbled out of the gate Friday, slipping nearly 8% as investors reacted to the company’s forecast for much slower subscriber growth in the second half of 2020.The downturn, which left the stock at about $485 in morning trading, comes after the company reported strong second-quarter earnings Thursday and a gain of 10.1 million subscribers in the period.
While the results themselves won raves, the company’s prediction that it would add just 2.5 million subscribers in the third quarter rattled the markets and sent shares down 10% after hours.Propelled by stay-at-home measures during COVID-19, Netflix has now reached almost 193 million subscribers worldwide.
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