netflix fallout

[347Mike]

Prime example, it just dropped 30% in a matter of 30 minutes.

[slow99]

Prime example, it just dropped 30% in a matter of 30 minutes.

But but it's up so much! Lmfao, and an intra-day range of .10 to .185. But hey, what the hell do I know.

[CWO]

I don't think it's done yet.

[Geor!]

But but it's up so much! Lmfao, and an intra-day range of .10 to .185. But hey, what the hell do I know.

I just purchased 2,471 shares. That should have raised the price a couple thousandths of a cent.

[347Mike]

I just purchased 2,471 shares. That should have raised the price a couple thousandths of a cent.

Was that before or after it dropped to 20%? lol

Either way, Goodluck!

[Geor!]

Was that before or after it dropped to 20%? lol

Either way, Goodluck!

Shhh. It's called insider trading.

[Geor!]

Make up your fucking mind already!

Netflix (NFLX) has abandoned its unpopular plan to spin off its DVD-by-mail service and rename it Qwikster, saying it will continue to offer both services through its flagship web site.
The movie renter told customers in an email and blog post on Monday that they will continue using "one web site, one account and one password" under the Netflix brand for both streaming and DVD-by-mail services.
The decision comes just three weeks after the company initially revealed plans to separate its DVD service and operate the brand under Qwikster.com. It had intended to use Netflix.com for its streaming-only service, forcing dual-service customers to use two separate accounts.
That decision proved to be just the latest among a series of missteps for the Los Gates, Calif.-based company, which has seen its share price drop 60% since July when Netflix announced a price increase for subscribers using both streaming and mailed DVD services. Previously, Netflix users had been able to pay one lower price for the combined service.
"Consumers value the simplicity Netflix has always offered and we respect that," said Netflix co-founder and CEO Reed Hastings. "There is a difference between moving quickly -- which Netflix has done very well for years -- and moving too fast, which is what we did in this case."
The company has faced a slew of cancellations since the summer, forcing it to cut its third-quarter guidance by one million subscribers last month. It is now expecting to have just 24 million subscribers at the end of the quarter.


Read more: http://www.foxbusiness.com/technolog...#ixzz1aOTP79zd

[Kenny_Stang]

I canceled my service last week, if they get their act together I might be back, but for now, it just isn't worth it IMO.

[Ratt]

Just got the email saying they aren't changing names or websites, the company is staying as one unit, but the prices will be stable forever from now on.

[IHaveAMustang]

I canceled my service last week, if they get their act together I might be back, but for now, it just isn't worth it IMO.

I'm moving at the end of the month, that's when I am canning them. They had decent stuff online, but not so much anymore. I got to watch the Pacific series for less than the boxed set at Wal-mart, that's a win in my book and it's time to cancel.

[mikeb]

I dropped streaming when they announced the price hike, and i know of several people that have done the same, or are about to. The streaming selection was extremely stale and i was rarely somewhere with a decent enough internet connection to use it anyway. When Starz goes away it'll get even more stale.

Looking at their business model - they are a little fish in what promises to be a very large streaming market. Amazon and blockbuster are in the same space, and Amazon has the financial backing that Netflix doesn't. Additionally, the content producers are holding all of the cards right now, and can decide whether to license streaming thru Netflix or set up their own streaming sites. If they decide to do it themselves (cutting out the middle man) Netflix is screwed. Netflix's entire business model is that of the middle man, and Netflix's value to the content providers is one of congregating subscribers. Whether or not that will be enough to get licenses remains to be seen.

So it's puzzling to me that Netflix wants to abandon their existing business model and go whole hog after streaming with all of the inherent risks. Seems to me it would be smarter to sell netflix now while it is still worth something, and get out ahead of an about-to-fail business model.

[talisman]

Still using them, still satisfied. [shrug]

[Ratt]

Dear Neil,

It is clear that for many of our members two websites would make things more difficult, so we are going to keep Netflix as one place to go for streaming and DVDs.

This means no change: one website, one account, one password…in other words, no Qwikster.

While the July price change was necessary, we are now done with price changes.

We're constantly improving our streaming selection. We've recently added hundreds of movies from Paramount, Sony, Universal, Fox, Warner Bros., Lionsgate, MGM and Miramax. Plus, in the last couple of weeks alone, we've added over 3,500 TV episodes from ABC, NBC, FOX, CBS, USA, E!, Nickelodeon, Disney Channel, ABC Family, Discovery Channel, TLC, SyFy, A&E, History, and PBS.

We value you as a member, and we are committed to making Netflix the best place to get your movies & TV shows.

Respectfully,

The Netflix Team

They claim they've added thousands of choices to their streaming. The problem is that's the shit nobody wants to watch unless they're drunk or stoned and have an undying need to watch something obscure they had forgot about until then.

[Leah]

Still using them, still satisfied. [shrug]

Check your texts, yo!

[talisman]

Check your texts, yo!

Sure. I'll be up there around 4.