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:
Tags: anthony diclemente, barclays capital, blockbuster, customers, imdb, janney montgomery scott, netflix, prices, qwikster, stocks, tony wible, trouble