Netflix (NFLX) Falls on Profit Taking and Competing YouTube Video Rental Service
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Shares of Netflix, Inc. (Nasdaq: NFLX) are seeing pressure this morning after Google (Nasdaq: GOOG) recently started offering a movie rental service at youtube.com/store.
YouTube is now offering downloads of new hit movies from $0.99 to $3.99.
On the YouTube homepage now the movie "Brothers" is being offered for rent for $3.99.
Shares of Netflix are down 1.6% today after surging 15% yesterday on better than expected results.
YouTube is now offering downloads of new hit movies from $0.99 to $3.99.
On the YouTube homepage now the movie "Brothers" is being offered for rent for $3.99.
Shares of Netflix are down 1.6% today after surging 15% yesterday on better than expected results.
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