It's not like we didn't see this coming!
After increasing prices, Netflix has lost millions of customers, literally.
And due to the poor showing its stock is sinking faster than the Titanic!
But unlike popular belief, we don't think Netflix is too evil.
We were angry at first too, but it's just a crappy situation for everyone involved. If Netflix wants to increase their library, and studios keep demanding more money, there's naturally going to be a cost hike.
On the other hand, the low prices is what set Netflix apart.
Bottom line, it's still dirt cheap for what you're getting, but we totally understand angry customers who love low prices.
If the competition ends up being less quality than Netflix, they'll come back. If not, Netflix will have to step their game up.
Hopefully this lose-lose can turn back into a win-win!
Tags: capitalism, customers, millions, money, netflix, price, stock, studios