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NFLX data by YCharts. What: Shares of Netflix (NASDAQ:NFLX) fell 19.7% last month, according to data provided by S&P Global Market Intelligence. Investor concerns regarding the streaming leader's slowing growth, increasing competition, and richly valued stock price all took a toll. So what: It's true that Netflix's domestic subscriber growth is slowing.
His idea all started from a $40 late fee. That's when Netflix CEO Reed Hastings realized there was a better way to rent movies. As a result, Netflix ,(NASDAQ:NFLX) the leading online movie rental company, was born.During an interview with Charlie Rose, Hastings recalled the moment his vision was born:espite Netflix's remarkable recession-proof growth, Hastings isn't savoring in Netflix's impressive growth rate. Instead, he's preparing for the downfall of the DVD industry by focusing on streaming services. His perspective doesn't suprise me.