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Why Netflix Stock Was Slammed Friday

TheMotleyFool

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Shares of Netflix (NASDAQ: NFLX) fell sharply on Friday, declining 6% by 12:00 p.m. EDT. The stock's decline comes after the streaming TV company's CEO, Reed Hastings, admitted that competition is heating up.

The stock's decline extends a tough recent run for the stock. Shares are down about 25% over the past six months.

Image source: Getty Images.

Source Fool.com

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