Netflix Stumbles and Disney Takes Heat. Chill on the Stocks.

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Florida lawmakers have passed a measure to eliminate Disney World’s longstanding right to effectively provide its own municipal services and oversight.

Jose M Hernandez/

Netflix hasn’t done much wrong, despite a 35% plunge on quarterly results this past week, and a 22% one back in January. The company has convinced 222 million customers worldwide to hand it an average of nearly $12 apiece each month—no small feat.

It did that by creating a peerless streaming experience, reinventing how movies and shows are enjoyed, and, OK, burning through $9 billion over the past seven years to give customers more Hollywood pizazz than they were paying for.