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Netflix released its earnings report for the second quarter today. The company was one of 2015's best performing stocks, but has seen its share price stumble in recent months on projections of slower growth. Today it reported $1.97 billion in revenue and net income of $41 million. Adding to worries about its growth, the company added just 1.54 million subscribers, well below its own projections of 2.5 million new customers. The stock is down around 14 percent in after-hours trading. In its letter to investors, Netflix blamed the weak subscriber growth on churn, meaning older customers exi
Today Twitter makes its debut on the New York Stock Exchange (NYSE). In typical Twitter style, the company announced its share price via tweet, ending weeks of speculation about the price point that would be decided upon. Rather than the anticipated $15 to $20, the IPO (Initial Public Offering) of 70 million shares are up for grabs priced at $26 each -- effectively valuing the company at $18.2 billion. View the full article