Netflix’s growth is slowing — and investors are fleeing

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Netflix is still growing, but not as fast as it once was. 

The streaming service added only 1.7 million members in the second quarter of 2016, nearly 1 million fewer than expectations. 

During the same period last year, Netflix added 3.3 million members. 

“We are growing, but not as fast as we would like or have been,” CEO Reed Hastings wrote in a letter to shareholders Monday. “Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever and we continue to improve every aspect of our business.” Read more…

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