Monthly Archives: September 2011

Netflix Stock Drops 15%

“Some Netflix customers were upset by the price hike”

You have got to be kidding! Netflix management seems surprised that customers would be angry an cancel after having their prices jacked up by 60% overnight. Netflix CEO Reed Hastings said, ”we have to face those subscribers who are upset by the price hike this quarter.”  Vote with your comments below–what do you think Netflix should do to make it up to you?

Netflix Price Increase Begins Today

If we had an “unlike” button, we’d put it on this post, but Facebook wouldn’t create one for us, so you’ll have to settle with what we’ve got. Outrage! Greed! Corporate malfeasance! Can you believe that Netflix is actually raising prices by 60% today? Be heard and let us know what you think of the price increase!
Mad Netflix

Back in July Netflix decoupled their streaming service and DVD service in an effort to raise customer prices. In a recession? Yes, the price of DVDs plus streaming rose from $9.99/mo to $15.98/mo, a 60% increase! To rub it in, the Netflix CEO says he “feels great about the Netflix price increase.” Sign in to your Netflix account today to change your selection of streaming or DVDs to avoid getting charged the extra money.