Wall Street's Netflix freakout, explained

Here's why the market flipped out over Netflix's small miss

Cast members of Stranger Things.
(Image credit: Courtesy Netflix)

Netflix's second quarter numbers came out this week, and Wall Street was not pleased. Shares dropped 14 percent, wiping out $25 billion in market value at a stroke.

Yet you'd have to squint at Netflix's report to see anything wrong.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.