Netflix experiences trouble on the home front

By | October 15, 2015

Scalper1 News

As Netflix’s (NFLX) international expansion continues apace, the Internet TV service stumbled in its home market in the third quarter. Netflix executives late Wednesday blamed a shortfall in U.S. subscriber additions in Q3 on “involuntary churn” that was driven by the ongoing transition to chip-based credit and debit cards. Banks have been issuing new cards with security chips, often with new card numbers. That caused accounts to lapse when Scalper1 News

Scalper1 News