Netflix soothes Wall Street concerns with customer growth forecast

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Plans to launch ad-backed service next year.

Netflix soothes Wall Street concerns with customer growth forecast
Netflix on Tuesday averted its own worst-case scenario of subscriber losses, posting a nearly 1 million drop from April through June, and predicted it would return to customer growth during the third quarter. Shares, which have fallen roughly 67 percent this year on concerns about the company's ...

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