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.
It's not just Steve Jobs leaving Apple: The iEverything company is ending 99 cent TV rentals from iTunes, just when Netflix is poised to implement its controversial price hike. Apple's spurning of couch potatoes wasn't last week's only business head-scratcher. Here are some other surprises, blunders, and just flat-out boneheaded moves.
Wall Street can be fickle, leaving investors scratching their heads in bewilderment. Some of last week's biggest surprises, blunders, and flat-out boneheaded moves included Netflix's misguided pricing hike, ill-timed IPO announcements by Norwegian Cruise Lines and Zillow, and Trex going the way of Lumber Liquidators.
We encourage you to "Ask the Expert" ... Stock-, investment- and market-related questions are pouring in ... So, we're chasing down people on the front-lines, including Chris Hill of Motley Fool. He's a straight-talker, the irreverent host of the nationally syndicated Motley Fool radio show and we...
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.
