Netflix plunges on forecast for weakening subscriber growth

Netflix, the world’s largest paidonline TV network, plunged after rattling investors with forecasts for weakening subscriber growth in the second quarter, especially in newer markets outside the US.

Netflix expects to add two million new international customers, fewer than the 3.45 million average of five analysts’ estimates compiled by Bloomberg. Domestic customers may increase by 500,000 in the second quarter, Netflix said, compared with the 505,000 average of estimates.

Netflix has pitched itself ...