Netflix stock fell more than 10 percent after the market closed Wednesday, following the company's announcement that for the first time since launching its digital service eight years ago, it saw a drop in U.S. subscribers.
In the second quarter, Netflix lost 126,000 paid U.S. subscribers, and also only added 2.7 million subscribers worldwide, far below the five million investors expected. With its hit show Stranger Things now streaming new episodes, Netflix expects to add more than seven million subscribers during the current quarter. Right now, there are more than 60 million U.S. subscribers.
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