Netflix misses big on subscriber growth as forecasts look weak
CNN
Netflix had a huge first quarter last year thanks to the pandemic keeping people inside. Now with vaccinations ramping up, Netflix kicked off 2021 with a big subscriber miss.
The streaming service reported Tuesday it now has 208 million subscribers globally, after adding 4 million subscribers in the first quarter of 2021, but missing its own expectations of 210 million. Netflix's first quarter profit in 2021 was $1.7 billion, up from $709 million in the year-earlier quarter. Its revenue jumped 24%, to $7.1 billion.
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When Small Business Administrator Kelly Loeffler touted that her agency guarantees approximately 2,000 small business loans every week, Laura Pager, a small business contractor who says she has lost out on millions of dollars in work this year in the wake of the Department of Government Efficiency’s slashing of the federal government, wrote it down in disbelief.
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President Donald Trump has often bragged about his warm relationship with Russia’s Vladimir Putin. But in the months leading up to the leaders’ first meeting in six years, Trump began asking Europeans and White House aides what’s changed about his counterpart.
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