Netflix stock dipped sharply on Thursday, after the video rental and streaming powerhouse announced that more customers than expected were jumping ship in the wake of a summertime hike in subscription fees. (A combo plan allowing customers to receive one DVD at a time via mail and have access to unlimited streaming of 20,000 movies and TV shows, for instance, jumped from $9.
When Netflix announced that they'd be changing their subscription rates in July, the company expected some existing customers to be uneasy about it. What they probably didn't expect was the widespread outrage expressed by customers,... Read Post
When Netflix announced its plan last month to spin off its DVD rental business into a an entirely seperate subsidiary called Qwikster, customers were not pleased. The company's recent subscription price hike had already led irked cu... Read Post