Investors are still watching Netflix

Netflix’s second-quarter results exceeded expectations, while it also raised its forecasts for future revenue and continues to “trounce” rival media companies, says Lucas Shaw on Bloomberg. Yet the stock slipped on the news. The group’s outperformance had “fallen short of the most bullish expectations”, with much of the gain coming from a weaker dollar rather than from new subscribers. The profit-taking comes as the streaming leader “faces more competition for its customers’ attention than ever ...