Netflix slashes its forecast for subscriber gains




Technology Top Stories from Associated Press (AP) show

Summary: LOS ANGELES (AP) , Netflix slashed its prediction for how many U.S. video-streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading. The Los Gatos, Calif.-based company said it added 1.2 million net streaming subscribers in the U.S.