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Netflix stock recovers from losses after technical glitches disrupt the Jake Paul, Mike Tyson boxing match [Yahoo! Finance Canada]
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Netflix ( NFLX ) shares recovered from earlier losses on Monday after the streaming giant's highly anticipated boxing event between heavyweight champion Mike Tyson and YouTube personality Jake Paul experienced technical glitches throughout the live broadcast. The issues have sparked concerns about the company's ability to deliver other types of live programs, especially with the upcoming NFL Christmas Day games in just over a month. Customers complained about buffering disruptions and streaming issues while watching the event Friday night. Downdetector , which tracks internet outages, received thousands of outage reports throughout the evening. Netflix did not immediately respond to Yahoo Finance's request for comment. Since the start of the year, Netflix shares have surged over 70%, far outpacing the broader markets and streaming rivals, including Disney ( DIS ) and Comcast ( CMCSA ). Shares climbed nearly 2% shortly after the opening bell on Monday. Netflix, Inc. (NFLX)
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