Wednesday, November 23, 2011

Here's an economics lesson- don't kick your customers in the balls: Netflix stock continues to fall; analysts see more woes ahead
Netflix market value has plunged by $12 billion, or 75%, since its stock peaked at nearly $305 a share in mid-July. That's around the time that the company announced plans to raise prices as much as 60% for U.S. subscribers to rent DVDs by mail and to stream video on devices connected to the Internet.
And to split the business in two. Stupid!