AFP, SAN FRANCISCONetflix Inc shares plunged in after-hours trade on Wednesday after its quarterly update showed weaker-than-expected subscriber growth for the streaming television sector leader. Netflix said that it still sees long-term growth on target, dismissing concerns that consumers were gravitating to rivals. Netflix, known for its original shows such as The Crown and Orange is the New Black, said the latest shows did not attract as many subscribers. Netflix said that it has no plans to add advertising to its streaming television service. The company plans to continue investing in original content to keep and win subscribers, it said.

Source: Taipei Times July 18, 2019 15:56 UTC