Trouble or Opportunity: Netflix to split DVD and streaming services
If you have been following Netflix stock, one of the hottest stocks out there, going from $50/share in Feb 2010 to $300/share in July of 2011. That’s six times your money in 18 months!
Now the CEO is apologizing…
Netflix Co-founder and CEO Reed Hastings made a public apology in his blog Sunday after a customer outburst against a hike in prices.
“I messed up,” Hastings said. “I owe everyone an explanation.”
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My wife loves Netflix streaming, I really don’t care for it, most of the offerings are old, nothing very current.
I am very interested to see what comes from Blockbuster, and Hulu as things heat up for Netflix. I don’t see Netflix bouncing back, after they hit the slippery slope down , trying to exploit their customers, believing that customers only had Netflix as an option was wrong!
