Reed Hastings

5 Winners and Losers of the Week in Business

From sluggish PC sales to Facebook regaining an important advertiser to a department store chain finally ousting its inept CEO, here are the wonders and blunders of the week.

Apologetic Netflix Gives Holiday Gift to DVD Watchers

Netflix wants to thank you for your loyalty. The beleaguered video rental giant is offering subscribers to its DVD plans an extra disc this month. No catch, no bait and switch: Just a straight good will gesture after a year of missteps.

Can Netflix CEO Reed Hastings Bounce Back?

If Netflix's poorly received rate hike and Qwikster fiasco didn't leave you questioning CEO Reed Hastings' ability to lead the video buffet operator, Monday night's quarterly report should do the trick. But it'll take more than strategic missteps and fumbled apologies to send the CEO packing.

5 Things to Watch This Week

There's never a dull moment on Wall Street, especially when new tablets and old banks are in the way. Let's go over some of the items that will help shape the week ahead once Monday rolls around.

3 Reasons Netflix Is Nixing Qwikster

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.

Who Will Be the Next Steve Jobs?

On a split-adjusted basis, Apple went public at $2.75 a share 31 years ago; the stock closed at $378.25 yesterday. Investors lucky enough to hold for the entire period have enjoyed a 17% annualized return. Find a founder capable of delivering on a similar scale and you'll have a much easier time funding your retirement.

Wait Until November to Buy Netflix

The three months since Netflix announced its price change have been fairly disastrous for the company, with the stock down 60% from its peak. But reports of Netflix's death are exaggerated: Vulture-like investors hoping to pick up shares at rock-bottom prices should hold out. Here's why.

Why Netflix May Never Be Great Again

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.

Netflix CEO Apologizes, Divides Company

In an open apology to Netflix customers, CEO Reed Hastings took the blame for the price hikes and service changes that generated such negative reactions. He also announced that Netflix was splitting its DVD-by-mail business off under a new name: Qwikster.

Daily Blogwatch: Legal Blogs for Superheroes?

Among Tuesday's top online stories for investors: Internet ad revenue is now higher than newspaper revenue; Facebook stock is likely trading at a 300 P/E ratio; 20 world records that were set in 2010.

Netflix Beats on Surge in Subscribers, Sales

Netflix said it boosted profit by 26% in the third-quarter. The largest U.S. DVD-by-mail service gained new subscribers by expanding its digital and packaged-media offerings.