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Netflix Slides the Most in Three Months After Tepid Forecast
- Company loses domestic customers for first time in two years
- Streaming service looks toward games and international markets
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Netflix Inc. suffered its worst stock decline in three months after the streaming giant got off to a slow start in 2021 and gave a disappointing forecast for the latest quarter.
The shares fell as much as 4.8% to $505.61 on Wednesday in New York, marking the biggest decline since April 21 -- the day after another poorly received quarterly report.