Tuesday, July 24, 2007

We'll see how Wall Street likes the news that the president of Hudsucker is heading for the booby hatch. Huh!

This couldn't be happening a nicer company.

SAN FRANCISCO - Netflix Inc. frustrated investors and customers alike Tuesday as its stock price plunged to its lowest point in more than two years while its Web site was inaccessible most of the day because of unexplained technical problems.

The 7 percent drop in Netflix’s shares wasn’t a shock after the Los Gatos-based company reported the first quarterly customer losses in its history and dimmed its earnings outlook for the rest of the year.

But the Web site outage was a surprising — and embarrassing — setback.
Odd that a company that utilizes a business model that hoses your most frequent and loyal customers would be losing those same customers.

My own experience with Netflix ran the gamut of "this is the greatest service in the world" to I hope the CEO and the entire board die in a fire.


Overdroid said...

Yeah. Although I'm no fan of Blockbuster, at least their war with Netflix forced them to change some of Blockbuster's practices. Funny how the little guy so rapidly became just like the amoral big guy. Joseph Campbell would have something to say about that.

Don Snabulus said...

Sounds like they are toast. I hope Blockbuster still has competition on mail-in rentals.

Swinebread said...

Fuck 'em all!

...Man I feel better.