Netflix now has more than 69 million subscribers, but the company added fewer new U.S. members last quarter than it predicted: 880,000, versus 1.15 million. This shortcoming, funny enough, is linked to the U.S. “transition to chip-based credit and debit cards,” the company claimed in its third-quarter letter to shareholders: While global growth was as we expected, our forecast was high for the US […]
Netflix faults chip-based credit cards for low U.S. subscriber growth
Venture Beat - 14 Oct 2015 22:55
Netflix now has more than 69 million subscribers, but the company added fewer new U.S. members last quarter than it predicted: 880,000, versus 1.15 million. This shortcoming, funny enough, is linked to the U.S. “transition to chip-based credit and debit cards,” the company claimed in its third-quarter letter to shareholders: While global growth was as we expected, our forecast was high for the US […]
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