Depressing Movies: Netflix Cuts Q4 Outlook; Shares Down (CBS News)

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So maybe people aren't watching that many movies during these depressing times, or at least not joining a new service in droves: Netflix (NSDQ: NFLX) has cut its Q4 subscriber outlook, and also said that Q3 ended with fewer subscribers than it anticipated. CFO Barry McCarthy said that net subscriber growth in July was "in line with expectations but August was unusually weak...In September, the ...

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