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Why Netflix Stock Slumped on Wednesday Morning

Why Netflix Stock Slumped on Wednesday Morning

Consumers may have finally gotten fed up with Netflix's price hikes, according to a study conducted by Reviews.org. The organization surveyed 1,000 Americans, asking about their streaming habits, subscription services, and their feelings regarding Netflix -- and the conclusion was shocking. The results revealed that 25% of Netflix's U.S. subscribers plan to cancel their subscription this year.