Netflix shares sink 17% as price increase cuts subscriber growth

Netflix’ quest to create the first global, online TV network hit a speed bump when the company saida price increase cut subscriber growth to a three-year low, causing its stock to plummet and exacerbating concerns about its future growth.

The streaming serviceadded 1.68 million subscribers in the second quarter of 2016, missing its forecasts both at home and abroad, according to a statement on its website. Netflix added 1.52 million new customers overseas, ...