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In 3Q16, $NFLX added 0.4MM members in the US compared to its forecast of 0.3MM, and 3.2MM members internationally versus its forecast of 2MM. The over-performance against forecast, 86.7MM total streaming members versus forecast of 85.5MM, was driven mainly by stronger-than-expected acquisition due to excitement around Netflix original content.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.