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Sledgstone

Netflix Lost 800,000 Subscribers This Quarter

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http://www.dailymail.co.uk/news/article-2053039/Netflix-loses-800-000-US-subscribers-single-quarter.html

Netflix opened to a 36 per cent hit in the company's stock price Tuesday, one day after it announced the loss of 800,000 customers.

Shortly after opening, the stock price was $75.86, losing $42.98 in early trading and the first minutes of the market.

The drop comes after the video subscription service experienced it's biggest exodus in history in the third quarter.

The losses were larger than management had previously warned. The unwelcome surprise, contained in financial results released on Monday, was compounded by a forecast calling for millions of Netflix Inc's DVD-by-mail subscribers to cancel the service in reaction to dramatic price increase that took effect last month.

Netflix lost its lustre among consumers and investors by raising subscription prices as much as 60 per cent in the U.S. and bungling an attempt to spin off its DVD-by-mail rental service into a new company called Qwikster

Ouch. So they raised rates so they could become more profitable.. Obviously that worked out great for netflix. They have idiots running that company.


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I wouldn't say idiots, necessarily. This whole business is brand new and wholly untapped. Just takes some experimenting to see what people will pay for and what they won't. Still a great service, imo. Give them some time to fix it and come up with something new.


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If they would update the streaming to maybe have the newest content, maybe for a limited time? Say you could watch Captain America every Thursday for 4 weeks? Or it would be available for a 5-7 days. Or maybe cap how many new movies you could watch on streaming a week?

I enjoy the older stuff they have, new stuff would be nice too, even in limited form.


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They should start streaming newer TV series.


I am putting myself to the fullest possible use, which is all I think that any conscious entity can ever hope to do.

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I've noticed they've really beefed up their streaming service lately. I've watched Limitless and Tron Legacy in the past two days... just about everything in the Redbox, aside from the newest releases, is on the streaming.


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lol. Gotta love keyword ad placements. :P

"Gamestop"

*wonders if a gamestop ad will show up now* :P

It embarrassingly also works with hair loss treatments....

"Cool. I always knew Atheists would someday save The World."

- Fantomex

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