Netflix shares plummet 12 percent as Hulu and Amazon grow stronger

Shares of Netflix headed downward after the company lowered its forecast for international subscriber growth next quarter Shares fells more than 12 percent in after-hours trading after growth dropped below the same period a year ago when Netflix added 2.28 million subscribers The mediocre results come at a time when Netflix faces a growing number of digital competitors, like Hulu and Amazon Prime