Netflix blames weak U.S subscriber adds on new chip-based cards

Video-streaming service provider Netflix Inc reported third-quarter U.S. subscriber additions below its own forecast, blaming an ongoing transition to chip-based cards for the miss. Shares of Netflix, known for its original shows such as “House of Cards” and “Orange is the New Black”, plunged about 15 percent after the bell, before clawing back to trade down 2.4 percent

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Netflix blames weak U.S subscriber adds on new chip-based cards