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Netflix Shares Down Another 11 Percent

| Filed under: Icky Icky PooTech TalkBusiness Blitz

wall street says netflix screwed up

Not shocking. Not shocking at all.

This is what happens when you over price something, and then split it into two, inconvenient, mediocre things.

You get virtually no confidence in your stock from shareholders and customers alike. How much more of a wake up call do you need, Netflix?

Swallow your pride:

Shares of Netflix stock were taking another beating during afternoon trading on Thursday, with the price down 11.4 percent to $112.62. The company's stock is currently down 62 percent from its all-time high in July of this year.

SIXTY-TWO percent. What else needs to happen? Fans, customers, and shareholders will applaud if you backtrack and decide not to go through with these ideas, rather than lambast you for backing down.

Especially now with the new Kindle Fire tablet, and Amazon's streaming service looking to grow and take over your market. And out of nowhere it looks like Blockbuster isn't too far behind either with their plans.

Add in Redbox (and rumors of Microsoft getting ready to try their hand with XBox Live content), and just look at all the appetizing options your scorned customers have!

Wise up!

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3 comments to “Netflix Shares Down Another 11 Percent”

  1. 1

    Good thing their stock plunged again! They have upset a lot of people with their sudden price hikes and service changes. Instead of Netflix, use TVDevo instead. No greedy monthly fees. Blockbuster is another good alternative.

  2. 2

    Who gives a fawk?!??! I made hella money shorting that garbage stock.

  3. 3

    Still the cheapest around, far cheaper than cable or TiVO or any other alternative. Anyone who says differently obviously isn't trying to find the cheapest available. I've said it before, and I'll say it again, the people who are staying loyal to Netflix are the people who can't afford regular cable and use netflix because it is cheap, even after the price hike. The people who are making a big deal about it are not those who 5 dollars a month would drastically affect. If you can afford 50 bucks per month for basic cable then I bet you can still afford netflix.