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million subscribers mark but it missed the forecast for new memberships. the streaming giant added 2.7 million new subs. just over half of the new subscribers analysts expected. analysts reported the first drop in nearly a decade. the stock dropped 12% after hours trading. netflix said it didn t believe new competition was a reason. it s hard to ignore the competition its biggest threat may be from disney plus which debuts later this year. half the price of standard netflix plan. it will face even more competition when warner media s hbo max launches next year. warner media owns cnn, of course. for now netflix is at the top of the game. said it will add another 7 million next quarter. they claim boeing put greed before safety. in heart wrenching testimony
4:17 eastern time. netflix has missed the forecast for new memberships. the streaming giant added 2.7 million new subscribers in the second quarter. just over half of the 5 million new subscribers analysts were expecting. netflix reported the first drop in u.s. users in nearly a decade. the stock dropped 12% in after hours trading. netflix said it didn t believe competition was a factor in the missed membership since there wasn t a material change in the competitive landscape. it s hard to ignore the competition. disney plus is the biggest competitor. it debuts at half the price. it will face even more competition when hbo max launches next year. warner media owns cnn. it is still at the top of the streaming game. it expects to add 7 million