Netflix Inc.’s stock dropped Monday, erasing an earlier rally to new highs, after the video streaming giant indicated that its plan to spread across the globe has not been easy. Speaking at the UBS Global Media and Communications Conference in New York, Netflix Chief Content Officer Ted Sarandos said the company’s plan to expand overseas has been difficult, given the “politics” of how media content is licensed internationally.
Source: Netflix’s stock falls from record as world domination plans prove difficult – MarketWatch