Netflix seeks to raise at least $400 million
Technology Writer Netflix is seeking to raise at least $400 million as the video subscription service tries to recover from a customer backlash that has battered its stock and tarnished its brand.
Netflix said Monday it earned $2.7 million in the latest quarter, up from a loss of $4.6 million a year ago, and that it added enough new streamers in the US to make it a bigger TV network, if one can call it that, than HBO.