Netflix reeling from customer losses, site outage

Talk about a battle to the death!  Here I thought that lower prices would be a GOOD thing for Netflix!  But, analysts and Wall Street disagree, so into the depths goes the Netflix stock price.  Long term, I think they’re doing the right thing in their battle with Blockbuster, but all investors care about are earnings outlooks.

MSNBC

To make matters worse, Netflix’s Web site — the hub of its rental system — went down Monday evening and remained inaccessible as of Tuesday afternoon (EDT). Spokesman Steve Swasey attributed the outage to an unanticipated problem that he declined to describe. Engineers hoped to fix the trouble by 2 p.m. EDT.

tagged with

Related Posts