Netflix hurt by fleeing subscribers
The company lost more customers than expected after it announced pricing changes and a plan to split operations.
By Kim Peterson on Mon, Oct 24, 2011 5:10 PM
The number is in, and it's big: 800,000.
That's how many subscribers Netflix (NFLX +1.54%) lost in three months. And that's a big reason its shares plummeted in after-hours trading even though the company posted a pretty decent quarter.
http://money.msn.com/stock-broker-guide … e8d19f82e5
if the CEO didn't get greedy and split the company and double the fees,...etc,etc
people want value in this economy...lesson learned?
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