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Netflix’s ad business is off to such a rocky start that its stock dipped.
In case you missed it (I kind of missed it), Netflix launched its new ad tier recently. Unfortunately, not enough people have signed up yet, which means Netflix has struggled to deliver the promised views to advertisers, who are now asking for some of their money back. The advertisers Digiday spoke to didn’t seem worried about Netflix’s prospects—these are early days and there will be issues—but the stock market was a little more reactive to the news.
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