Screen Junkies » stock http://www.screenjunkies.com Movie Reviews & TV Show Reviews Wed, 01 Oct 2014 20:30:49 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Netflix Stock Plummets After Low Subscriber Prediction http://www.screenjunkies.com/movies/movie-news/netflix-stock-plummets-after-low-subscriber-prediction/ http://www.screenjunkies.com/movies/movie-news/netflix-stock-plummets-after-low-subscriber-prediction/#comments Thu, 15 Sep 2011 18:56:40 +0000 Wookie Johnson http://www.screenjunkies.com/?p=228607 Whatever that means.

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It’s going to be a bad Christmas at the Netflix house this year. In an attempt to embrace the new market of those who prefer streaming to DVD viewing, the company introduced a new subscription price model that didn’t go over so hot. In fact, it caused one million angry subscribers to cancel their subscriptions which has now caused the stock to plummet to a drop of more than 17 percent.

As an investor in Netflix, I’ll be having canned tuna for dinner tonight. And not the one they sell for human consumption. (CBS)

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