Can Netflix Bounce Back from Failure?

FleshEatingZipper says: "Last night after I heard the news that Netflix actually lost 800,000 subscribers compared to it’s original 600,000 estimate I immediately checked out the stock value. It was trading after hours at about $86/share. Today when I checked the stock I felt like I was being stabbed in the gut and I don’t even own stock in the company. It dropped 35% from the day before’s closing bell; $119/share to $77/share, $6 billion value to $4 billion. At it’s peak it was $298/share about $18 billion value, that’s just crazy to me."

Read Full Story >>
The story is too old to be commented.
SantistaUSA2765d ago

Well they increased their price, but the selection of movies and shows haven't really improved, so I've cancelled my subscription last month, and I've been a member for years!