Netflix posted reasonable results Monday, but the video service giant's stock took a big hit due to weak revenue guidance. Concerns about Netflix may be valid, but let's look more deeply at what it revealed in its quarterly report.
Realizing that the consumer is usually right, Netflix is abandoning plans to separate its streaming business from its mail-order roots. Here's why Qwikster -- the site that would have served as the new home for customers receiving discs by mail -- was mercifully killed by the former tech darling this morning, sending shares higher.
It doesn't take long to go from hero to goat on Wall Street. Just ask Netflix. The video rental giant has gone from hitting all-time highs just two months ago to busting through new 52-week lows. To blame? A widely criticized price adjustment and its recent Qwikster launch.
The video rental giant revealed on Sunday that it will be dividing its operations into two distinct websites: Netflix.com will focus solely on its popular streaming service, while DVD and Blu-ray plans will be swept over to a new website, Qwikster, that will officially launch in a few weeks. Let's go over what subscribers (and investors) need to know.
Digital media, wireless pay terminals, and fuel cell technology -- sounds like the ingredients for a plot to take over the world, or, at the very least, the stuff that will dominate high-tech headlines in the coming days. The five companies behind these technologies will loom large in the news this week. Here's what to watch.
Netflix sent shockwaves through the living room yesterday after revealing that it will separate its mail-served discs and streaming service into two distinct pricing plans. And while the initial reaction by many subscribers has been outrage, there's really no need to panic. Here are some myths and misconceptions creating undue concern about Netflix's new deal.