Hedge Funds Mull Netflix’s Future

The streaming giant is a popular stock in both long and short portfolios.

(Chris Ratcliffe/Bloomberg)

(Chris Ratcliffe/Bloomberg)

Is Netflix’s growth script changing? Will it fade from the ranks of the elite technology and internet stocks?

This is no doubt what many investors are wondering after the streaming pioneer reported its first-ever quarterly decline in subscriptions on Wednesday evening. Shares of Netflix fell more than 10 percent on Thursday, to around $325.21.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.