Netflix shares dive as revenue barely beats expectations

Netflix shares plummeted more than eight percent Thursday as the TV streaming titan reported quarterly revenue of $12.25 billion, a result that slightly topped expectations. An earnings letter to investors came with word that co-founder Reed Hastings, who helped grow the revolutionary DVD-by-mail company into a global entertainment behemoth, will step away from Netflix when […] The post Netflix shares dive as revenue barely beats expectations appeared first on Digital Journal.