netflix fallout

[mikeb]

I dropped streaming when they announced the price hike, and i know of several people that have done the same, or are about to. The streaming selection was extremely stale and i was rarely somewhere with a decent enough internet connection to use it anyway. When Starz goes away it'll get even more stale.

Looking at their business model - they are a little fish in what promises to be a very large streaming market. Amazon and blockbuster are in the same space, and Amazon has the financial backing that Netflix doesn't. Additionally, the content producers are holding all of the cards right now, and can decide whether to license streaming thru Netflix or set up their own streaming sites. If they decide to do it themselves (cutting out the middle man) Netflix is screwed. Netflix's entire business model is that of the middle man, and Netflix's value to the content providers is one of congregating subscribers. Whether or not that will be enough to get licenses remains to be seen.

So it's puzzling to me that Netflix wants to abandon their existing business model and go whole hog after streaming with all of the inherent risks. Seems to me it would be smarter to sell netflix now while it is still worth something, and get out ahead of an about-to-fail business model.

[IHaveAMustang]

I canceled my service last week, if they get their act together I might be back, but for now, it just isn't worth it IMO.

I'm moving at the end of the month, that's when I am canning them. They had decent stuff online, but not so much anymore. I got to watch the Pacific series for less than the boxed set at Wal-mart, that's a win in my book and it's time to cancel.

[Ratt]

Just got the email saying they aren't changing names or websites, the company is staying as one unit, but the prices will be stable forever from now on.

[Kenny_Stang]

I canceled my service last week, if they get their act together I might be back, but for now, it just isn't worth it IMO.

[Geor!]

Make up your fucking mind already!

Netflix (NFLX) has abandoned its unpopular plan to spin off its DVD-by-mail service and rename it Qwikster, saying it will continue to offer both services through its flagship web site.
The movie renter told customers in an email and blog post on Monday that they will continue using "one web site, one account and one password" under the Netflix brand for both streaming and DVD-by-mail services.
The decision comes just three weeks after the company initially revealed plans to separate its DVD service and operate the brand under Qwikster.com. It had intended to use Netflix.com for its streaming-only service, forcing dual-service customers to use two separate accounts.
That decision proved to be just the latest among a series of missteps for the Los Gates, Calif.-based company, which has seen its share price drop 60% since July when Netflix announced a price increase for subscribers using both streaming and mailed DVD services. Previously, Netflix users had been able to pay one lower price for the combined service.
"Consumers value the simplicity Netflix has always offered and we respect that," said Netflix co-founder and CEO Reed Hastings. "There is a difference between moving quickly -- which Netflix has done very well for years -- and moving too fast, which is what we did in this case."
The company has faced a slew of cancellations since the summer, forcing it to cut its third-quarter guidance by one million subscribers last month. It is now expecting to have just 24 million subscribers at the end of the quarter.


Read more: http://www.foxbusiness.com/technolog...#ixzz1aOTP79zd

[Geor!]

Was that before or after it dropped to 20%? lol

Either way, Goodluck!

Shhh. It's called insider trading.

[347Mike]

I just purchased 2,471 shares. That should have raised the price a couple thousandths of a cent.

Was that before or after it dropped to 20%? lol

Either way, Goodluck!

[Geor!]

But but it's up so much! Lmfao, and an intra-day range of .10 to .185. But hey, what the hell do I know.

I just purchased 2,471 shares. That should have raised the price a couple thousandths of a cent.

[CWO]

I don't think it's done yet.

[slow99]

Prime example, it just dropped 30% in a matter of 30 minutes.

But but it's up so much! Lmfao, and an intra-day range of .10 to .185. But hey, what the hell do I know.

[347Mike]

Prime example, it just dropped 30% in a matter of 30 minutes.

[347Mike]

it's up 25% today, just sayin'

I am speaking from experience... Look at the MAX chart, the highest is .20, yeah it will go up another 25%. The thing is with penny stocks they don't typically go up or down by a few percents, their gains and drops are significant, that is why they are attractive. You can make 25% today and then in 30 minutes it drops 75%. I see it daily.

On that same note, penny stocks typically aren't going to fulfill a several thousand dollar order.

By all means if you want to risk whatever you invest, then go for it. Just go into it knowing tha tyou could very well lose all of it.

[CWO]

it's up 25% today, just sayin'

[347Mike]

I'm not an investor (newsflash), but if a stock is worth $0.07 on Monday and it is at $0.13 today and I bought $1000 worth on Monday, that would be good... right? Short term? Should I sell it?

Sure, but speaking from experience I can't tell you how many times I have watched a $0.7 stock drop to .000X.

Just looking at the chart and looking at patterns, it is pretty much at a high and isn't going to go much higher unless something extraordinary happens.

If you buy now you are pretty much 98% certain to lose 50+% of whatever you invest.

[CWO]

Risk adjusted i doubt you're outperforming shit. You understand what that entity is correct? I would sell it and enjoy the fact that I got lucky.

I don't know everything there is to know about it, but I get the gist of it. I was looking at percentage of increase, not too much more. I also know about the Dish Network/Blockbuster relationship and Netflix recent fuck ups. That's all.