Netflix shares sink on subscriber woes

October 16, 2014 3:37 PM

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Netflix Inc. shares sank Thursday on slower subscriber growth and fears of increased competition ahead.

The world's largest Internet video service provider said late Wednesday that its subscriber growth for the third quarter lagged well below management forecasts and it pointed to a recent $1 a month price increase in the U.S. as the cause. Adding to its woes are plans from rival HBO to add an Interne...

Also read: Netflix sees dramatic subscriber growth in fourth quarter, lifted by overseas expansion

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