Netflix subscribers bail, CNN+ pulls the plug

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Netflix stock tanks after they lose 200,000 subscribers. Photo by Shutterstock.

In one day, Netflix lost 35% of its stock value after they reported a loss of 200,000 subscribers in the last quarter. Traditional media companies in the streaming business are now competing on a more leveled field, and Netflix investors question the current business model. Now, Netflix now plans to feature advertising on their platform. 

In another big move in the streaming world, CNN+ pulled the plug after less than a month. 




Kim Masters