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Netflix Says Goodbye To Qwikster, Stocks Reach 52 Week Low!

netflix reaches 52 week low on wall street

BECAUSE. YOU. STILL. RAISED. PRICES. BY. SIXTY. PERCENT.

While it was definitely a good move on Netflix's part to backtrack and NOT split into two companies, let's not forget that they STILL totally screwed their customers by raising prices by 60%!

Tell us, Netflix! Was this whole Qwikster thing some sort of diversion to take the focus off the price hike, so that when you decided to remain as one single service, we'd be so relieved that we'd forget we're paying WAY too much money for your service??? If so, we're sorry but it didn't work.

Netflix stock prices hit a 52-week low yesterday, and they closed down 4.8%, once people realized they were still being charged absurd prices by the formerly awesome company.

Here's what Janney Montgomery Scott analyst Tony Wible had to say about it:

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Move Aside, Netflix! Dish Network To Introduce Online Movie Rentals

Filed under: Film FlickersBusiness Blitz

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Some more bad news for Netflix!

Not only have they raised their prices, leaving customers VERY upset, but they've also just recently lost out on their deal with Starz, dropping their stock price by 9% last Friday.

And NOW they have new competition.

The Dish Network is looking into releasing their own movie subscription that will include online streaming as well as mail and in-store rentals, AND on-demand rentals.

Dish also owns Blockbuster, which means they would be getting existing customers as well as possibly picking up the Starz deal that was broken with Netflix.

This is some major competition for Netflix and with so many customers angry at the company for raising their prices, they could very well see another drop in user subscriptions.

Yikes!! We'd think twice about our pricing decisions if we were you, Netflix! Things aren't looking good for you…

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It's Official! Netflix Prices Have Increased, Bummer!

Filed under: Tech Talk

Netflix Price Hike

As we reported before, there are a ton of pissed off customers planning to leave Netflix due to the 60% fee hike.

Instead of only paying ten bucks a month for both unlimited streaming and unlimited dvds (one out at a time), you now have to pay $7.99 each.

True, while it's a price boost, it's still dirt cheap for what you get….

except for the fact that any time you want to see a specific movie, it's never on streaming and who the hell wants to wait two days to see Clueless, huh!?!

By that time, the mood will be gone, and you just wasted a queue spot!!!

Ugh. Amazon, here we come!

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Lily Allen Vs. Ryanair!

Filed under: Icky Icky PooLily Allen

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Hell hath no fury like a Lily Allen scorned!

The singer recently took to Twitter to express her distate with Ryanair when the airline charged her £40 for having to print out her boarding pass when she attempted to catch a flight to Belfast to launch her new clothing line!

She wrote:

Ryan Air have just charged me 40 quid to print out my boarding pass. Unbelievable.

Oh, and now they've taken it off of me. 40 pounds for a piece of paper that was mine for approx. 7 mins, wow….

Yeesh!

Granted, it DOES say right on the website that there is a fee for lost boarding passes, but £40?!

We have to agree, that's pretty excessive!

Guess you better read the fine print a little better next time, gurl!

P.S. CLICK HERE to "follow" Perez on Twitter!

P.P.S. CLICK HERE to "like" Perez on Facebook!

[Images via WENN.]

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Food Prices Will Continue To Increase

Filed under: FoodFamily

Food Prices Will Continue To Increase

Bad news, America — food is getting more expensive, and it’s only going to get worse.

Cold weather is mostly responsible for the highest spike in wholesale food prices in 36 years last month. Restaurants and grocery stores have already been reacting to the price hike by charging more for food. Wendy’s now only puts tomatoes on burgers by request, and Starbucks and Dunkin’ Donuts are charging more for coffee.

Prices rose by 3.9% last month, mostly because of freezes in Texas and Florida that killed off a lot of crops.

"It has thrown the whole industry into a tizzy," says Dan Bates, director of merchandising for the produce division of grocery chain Supervalu Inc.

Time to tighten your belts and start being more careful with how you spend your money at that grocery store!

[Image via AP Images.]

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Sarah Palin Reads - Just Not Well!

Filed under: Celebrity FeudsPolitikSarah PalinTwitter

sudeep-reddy-proves-that-sarah-palin-cant-read-well-misquotes-article-in-wall-street-journal

Ah-ha! Foiled again, Sarah Palin!

The former Governor recently lost her patience with The Wall Street Journal writer Sudeep Reddy when he claimed that she didn't get her facts right regarding the price of groceries during a speech she gave, and she responded via Facebook by referencing an article in his newspaper that she claimed said quite the opposite!

However, although no one can deny now that Sarah Palin can read, Reddy has responded to HER response with proof that she just can't read very well!

Reddy proved via Twitter that Palin actually MISREAD the aforementioned Wall Street Journal article regarding grocery prices, which says in its first sentence that it's been "the tamest year of food pricing in nearly two decades."

He also re-tweeted Ryan Chittum, of the Columbia Journalism Review, who wrote:

Palin has a journalism degree, so I'm guessing she knows what an ethical no-no it is to misquote somebody like that. It ought to be awfully hard for her to get on her pedestal and condemn the media when she can't even quote somebody honestly. How about to make it up to Reddy, Palin lets a real reporter like him fly out to Wasilla to interview her for once instead of going to her house folks at Fox News?

Reddy then commented on her Facebook post, and wrote:

Weak demand, high unemployment and thrifty shoppers have led retailers to keep many prices from rising despite the rising cost of some commodities, including coffee and sugar. … Critics of the Fed's quantitative easing policy are focused primarily on concerns about potential future inflation.

And - touché!

Do U need some ice for that burn, Miz Palin? Rebuttal? Please??

LOLz!

[Image via WENN.]

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