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Netflix's Chief Executive Officer Reed Hastings speaks during an interview with Reuters in Buenos Aires

Netflix's Loss of 800,000 Subscribers Hit Q4 Forecast

Netflix Inc. (NASDAQ: NFLX) reported a loss of 800,000 subscribers as a result of a price hike in July, as well as its September attempt to split and re-brand its DVD-by-mail service as. This has led to a fourth quarter guidance that was substantially below Wall Street's expectations.