'We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this,' Jim Cramer says.
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this. In one fell swoop, Netflix went from easy money to hard money," theNetflix shares surged in January after the video platform announced that it wouldThe domestic subscription based shrunk by 126,000 in the second quarter, which Netflixincluding regional price increases and a "pull-forward effect" from the first quarter.
"I'll blame myself. I got it wrong," Cramer said. "We thought Netflix was the kind of company that could raise prices with impunity. If that's not the case, we need to take it out of the bin of consistency and put it in the bin of the episodic and perhaps even, heaven forbid, dispensable."
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