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Netflix Is Sliding

Mamta BadkarJan 15, 2014, 21:30 IST

Stephen Chernin/ReutersCast member Robin Wright at the premiere of the Netflix's television series "House of Cards".Netflix is down 4% to $323.80.

This is being partly attributed to Verizon's win over the Federal Communications Commission (FCC) that lets Verizon charge extra fees to deliver content faster.

The ruling against the 'net neutrality' rule, would potentially increase costs for Netflix.