Netflix 1 Million
Netflix 1 Million - When you see 1 million and Netflix in the same sentence, you probably thing this is a positive report, but you would be wrong. The movie rental company, Netflix, is having some problems as of late and it all stems from a strategic business decision they inflicted on themselves.
Netflix, Inc stock price dropped 18 percent on Thursday. This was a tremendous nose dive in the value of the stock, but it was the result of an announcement by the companies CEO, Reed Hastings, that they would have 1 million less customers than expected in July of 2011.
Netflix 1
Netflix, Inc stock price dropped 18 percent on Thursday. This was a tremendous nose dive in the value of the stock, but it was the result of an announcement by the companies CEO, Reed Hastings, that they would have 1 million less customers than expected in July of 2011.
Netflix 1
posted by Team IWP | 7:28 AM
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