Posted on 09/16/2011 12:57:06 PM PDT by LibWhacker
Horror show: Netflix losing more customers than expected on price hike, stock plunges 19 pct
SAN FRANCISCO (AP) -- Netflix's decision to raise prices by as much as 60 percent is turning into a horror show.
The customer backlash against the higher rates, kicking in this month, has been much harsher than Netflix Inc. anticipated. That prompted management to predict Thursday that the company --the largest U.S. video subscription service-- will end September with 600,000 fewer U.S. customers than it had in June.
(Excerpt) Read more at finance.yahoo.com ...
Perhaps they are Netmafia?
I never made much use of the streaming. The selection is at best pathetic and then I always have problems with the stream. The picture breaks up, the sound drops, constant stalls and rebuffering, etc, etc, etc. I watched because it was free and while I wasn’t happy about the price increase having to go to separate website to search and manage the separate queues is to much.
I signed up with netflix for the disks and that’s what I’m keeping. I canceled the streaming yesterday and while someday I may be ready to move to streaming only I don’t see that happening for a few years and by then there will be better options then netflix!!
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