Netflix is having a hard time keeping up with its past. Shares of the video service provider tumbled on Tuesday night after posting disappointing domestic subscriber numbers in its latest quarter.
Movie rental giant Netflix's decision to raise rates by up to 60% has caused a big stir among some of its 23 million subscribers. Could the higher prices lead to cancellations, slow the company's growth? Are you a subscriber? Share your thoughts about the rate hike on our message board.
The mail-order and online movie-rental company said it's shifting its focus to streaming video, raising some prices and launching a streaming-only plan in the U.S. This follows a successful launch of the same plan in Canada. Investors are delighted.