Netflix Stock Falls After Change In Pricing [Headlines]
Negative reactions to Netflix's recent price changes resulted in many users canceling subscriptions, causing their stock to drop nearly 15%.
In wake of new prices that force some customers to pay more, greater numbers of people are canceling their Netflix subscriptions than the company expected.
The company on Thursday morning revised downward, incrementally, its subscriber estimates for the quarter of the year that ends in two weeks. It did not change its financial guidance for the quarter. Still, its stock dropped almost 15 percent in heavy trading when the market opened Thursday. Media Decoder