The selloff in Netflix shares follows a 60% year-to-date rally, spurred by the roll out its cheaper, ad-supported plan and a crackdown on password sharing.
Netflix executives declined to provide specifics on the ad-supported tier on the company's pre-taped earnings call.
But with uncertainty around how long it will take revenue-driving initiatives to take hold, it's difficult to project Netflix's revenue in the next two years, making the future murky, according to Wall Street analysts.
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