“Netflix Inc., the largest online video-subscription service, fell the most since October following a report that Apple Inc. is in talks for a streaming TV partnership with Comcast Corp.,” Cliff Edwards reports for Bloomberg.
“Netflix, based in Los Gatos, California, fell 6.7 percent to $378.90 at the close in New York, the biggest decline since Oct. 22,” Edwards reports. “The retreat was part of a broader sell-off of technology stocks on the Nasdaq 100. Netflix has lost about 17 percent from the all-time closing high of $454.98 on March 4.”
Edwards reports, “Apple is in talks with Comcast, the nation’s largest cable provider, to deliver shows through the $99 Apple TV set-top box, the Wall Street Journal reported yesterday, citing people it didn’t identify.”
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