Netflix gets sued over Q2 subscriber losses

Johan Wallerstein filed a complaint in California federal court against Netflix, CEO Reed Hastings and CFO Spencer Neumann. The class action suit alleges that Netflix’s April 2019 letter to shareholders included “materially false and/or misleading” statements that did not disclose the potential impact of factors including price increases and content releases on subscriber growth figures. – Ben Munson, FierceVideo » https://ift.tt/2JXUE5h
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