Netflix stock plunges on brutal 3Q, somber outlookeTaiwan News - AP Netflix jolted its shareholders again with a third-quarter financial report that portrayed a company in crisis. The video subscription service's latest blooper reel, released Monday, included an even larger customer exodus than the company had ... How Low Can Netflix Shares Go?Wall Street Journal (blog) - Three months ago, the question for Netflix was how big it might one day become. Now investors wonder whether it can pay the bills to get there. In the latest leg of their spectacular decline, shares in the DVD and video-streaming service fell ... Netflix Stock Plunge: Will Reed Hastings' Hubris Bring Down an Internet Meteor?Reuters - By Brent Lang & Sharon Waxman at TheWrap With its stock in freefall and its reputation in tatters, Netflix is at risk of becoming another Internet era Icarus. Tuesday brought even more bad news to the video rental giant than Monday. ... Overheard: Long Lost Netflix ShortWall Street Journal - When it came to Netflix, hedge-fund manager Whitney Tilson's short position was prescient. Sadly, he was also short on stamina. After taking a beating as the stock surged, he closed his position in February, when the stock was trading well above $200. ... Why Wall Street is (still) wrong about NetflixCNET (blog) - The trouble with trying to adapt a big and growing business to disruptive technologies is that the process is... well, disruptive, as Netflix has demonstrated beyond the shadow of a ... BlogsDealpolitik: Time for Netflix to Stream Some Grown-Up Corporate Governance?Wall Street Journal (blog) - Good corporate governance does not guarantee good decision-making. But bad decisions frequently go hand in hand with bad governance. Look at how J. Crew handled its buyout or how Berkshire Hathaway reacted to certain trading by a top executive. ... Netflix Market Value ShrivelsNew York Times (blog) - Netflix has seen its market value drop drastically due to a series of recent missteps. In July, Netflix's market value was over $16 billion. On Tuesday, after a bruising response to the financial results the company released late ... Netflix's melting core spells value disasterReuters Blogs (blog) - The Netflix story of triumph has turned quickly into something more like “The China Syndrome.” Like the nuclear disaster depicted in the 1979 film, the company's core, where profit is concerned, is melting down. ... | RelatedNetflix Subscription business model Reed Hastings Telecom and Media Images![]() The Atlantic ![]() BetaNews ![]() Los Angeles Tim... ![]() The Flickcast ![]() Bloomberg ![]() New York Daily ... ![]() SlashGear ![]() SYS-CON Media (... ![]() ThyBlackMan |
Wednesday, October 26, 2011
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News about Netflix's inability to keep customers is everywhere. I'm glad that DISH Network has released the Blockbuster Movie Pass because it makes a great alternative to Netflix, if not better. I picked up a Pass through my job at DISH because it gives me more than Netflix ever could: 100,000 DVD movies, TV shows and games that are available by mail and in-store I also get streaming of 3,000 movies to my TV, 4,000 movies to my PC, and 20 premium entertainment channels. As word continues to spread that the pass is an exceptional replacement to Netflix I wonder how many more subscribers Netflix might lose.
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