Netflix Loses 810,000 Subscribers

Qwikster may have been an apt name, considering those fleeing the company. Netflix reported Monday that it lost 810,000 subscribers between its second and third quarters, a disappointing number that pushed shares down 26 percent in after-hours trading. Since peaking in July, before the announcement of the aborted split into two companies, shares have fallen 60 percent. The news does not bode well for revenue reports, which will be sure to disappoint. Overall, U.S. stocks made gains Monday, with the Dow rising 105 points.