Netflix shares dive as subscriber growth misses mark

Netflix logo at company headquarters in Los Gatos, California. AFP PHOTO | Ryan Anson

Netflix shares plunged Monday after the leading streaming television service said subscriber growth fell short of expectations in the recently ended quarter.

Membership in the quarter grew 5.2 million to a total of 130 million, matching the same period last year but a million shy of what Netflix had forecast, according to a letter released along with earnings figures.

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