MoneyWatch: Netflix stock plummets, bringing uncertainty to the streaming world

FAN Editor 3 years ago

MoneyWatch: Netflix stock plummets, bringing uncertainty to the streaming world – CBS News

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The NASDAQ ended Tuesday deep in the red after Netflix reported it lost subscribers for the first time in a decade. Michael Pachter, managing director of equity research at Wedbush Securities, joins CBS News at the closing bell to break down how Netflix is impacting the market and why it may not be as big an indicator as some may fear.

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