Netflix Loses Nearly 1 Million Subscriptions, Largest Drop In Company History

Netflix released “better-than-expected” results in its second quarterly report on Tuesday, which showed the streaming service only lost about half of the two million subscribers projected initially earlier this year. The report shows approximately 970,000 subscribers canceled their membership during the last three months. The number comes after the service took a massive hit in the first quarter when it lost 200,000 subscribers between January and March. -- More...