Welcome to Axis Pro Rada, where we take just 10 minutes to get you smarter on the inclusion of tech, business, and politics.

Brought to you by Silicon Valley Bank, Ideas Bank here. I'm Danper Mac. On today's show, what immigration

means to the Fortune 500 and Equifax is finally forced to pay up.

But first, the battle to dethrone Netflix. So the streaming giant last week came out with a second quarter earnings report that was in Hollywood parlance a bomb.

The actual financials looked fine in terms of both revenue and earnings, but paid subscriber growth was negative, meaning the company lost 126,000 subscriptions versus expectations of 352,000 additions.

And internationally, it added about 2.8 million subscribers, which sounds good until you realize that expectations were about 70% higher. Not surprisingly,

the company's stock tumbled. And as of this taping, it's still tumbling, representing over

$24 billion in lost market cap since last Wednesday. Why that matters to Netflix shareholders is

obvious, but why it matters to the rest of us is that it reflects how the company the disrupted

blockbuster might be getting disrupted itself from rivals both domestic and foreign.

We know that the future of entertainment distribution is mobile and on demand, but it's not

nearly so certain who the top players will be, or even that they won't be those cable companies

whose cords we thought had been cut.

In 15 seconds, we'll go deeper with Axios Media Reporter Sarah Fisher.

But first, this.

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We're joined now by Axios Media Reporter Sarah Fisher.

Netflix with its earnings last week.

It actually beat its earnings expectations, but the stock got crushed.

It is continuing to get crushed because of what it reported in terms of subscribers. To you, but the stock got crushed. It is continuing to get crushed because of what

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