Netflix (NFLX) plunged in after-hours trade after the company’s growth in membership numbers failed to meet its forecast for the first time in five quarters. Netflix shares fell 14% to US$344 in after-hours trade, the steepest drop in nearly four years if the stock plunged on the same trajectory during market hours. While the company has a first-mover advantage and owns a dominant market share in the online video streaming business, competitive pressures are starting to intensify…. CLICK for the complete article
