World Cup loser? Netflix misses the target

Netflix added 5.2 million users in the second quarter, about a million fewer than the company predicted. Its outlook for the current quarter also reflected a deceleration

Netflix plummeted in late trading in New York on Monday night after posting disappointing subscriber growth in the latest quarter, threatening the run ofone of Wall Street’s hottest stocks.

Netflix added 5.2 million users in the second quarter, about a million fewer than the company predicted.

Its outlook for the current quarter also reflected a deceleration. The world’s largest paid online TV network expects to add 5 million customers, a slower pace than ...