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Netflix to debut subscription with advertisements

Netflix on Oct. 13 said a subscription option subsidized by ads will debut in November across a dozen countries as the streaming service strives to jumpstart stalled growth.

Netflix reported a loss of 970,000 subscribers in the second quarter along with stagnant profits, and its share price is down 63 percent from this time last year despite rising slightly on the ad-tier news.

Netflix is Already Worth Over $ 100 Billion

Netflix's market value has already passed the $ 100 billion mark since the leading streaming service added more new subscribers than expected. The last quarter of 2017 has brought the company two million new customers more than Wall Street's forecasts and revenues have tripled. As a result of this success, for the first time in its history Netflix costs more than 100 billion dollars.