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Why Netflix Stock Was Sliding Today

Why Netflix Stock Was Sliding Today

Shares of Netflix (NASDAQ: NFLX) were getting a thumbs down from investors today after the streaming giant reported underwhelming subscriber growth in its first quarter and indicated that subscriber additions would be even weaker in the second quarter. Netflix added just 4 million net new subscribers in the first quarter, its worst first quarter in at least six years. Elsewhere, Netflix's numbers were strong, but subscriber growth is the most closely watched figure as investors see that as the best reflection of the company's long-term growth potential.