Netflix shares fall on concerns that Disney+ could steal market share by undercutting on price

Netflix tumbled more than 3% on Friday after Disney unveiled its Disney+ streaming service and pricing for the first time. The drop shed about $5 billion from Netflix’s market value, though it is up about 15% over the past 12 months. – Lauren Feiner, CNBC » https://cnb.cx/2X3rOp6