Netflix falling fast: Subscribers flee, earnings tank

posted by
October 25, 2011
Fox News    
Posted in News, PND News

"Is this the end of the road for the DVD-rental business? More than 800,000 subscribers fled Netflix in the third quarter amid rising prices and growing anger at the company's flip-flopping business model -- and the company's stock took a rollercoaster-style plunge that evaporated capital and had day traders gasping for breath. Some analysts argued that the trouble with once high-rolling Netflix is a fresh nail in the coffin of the DVD rental business." (10/25/11)  
  • Chances are that this embarrassing debacle is the result of a bad choice from one person in charge: too much knowledge and no wisdom at all. Fire this idiot or the company will fail the rest of the way.

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