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Orange Is the New Black

Netflix record subscriber growth dispels Wall Street worries

Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth. The record number of additions in the third quarter brought Netflix’s customer base to 137 million worldwide, confirming its rank as by far the world’s biggest online subscription video service. Netflix shares, already up about 78 percent so far this year, jumped 14 percent to $394.25 in after-hours…