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Netflix will lose money for all of 2012

By: Decomposed in ROUND | Recommend this post (0)
Tue, 22 Nov 11 9:26 PM | 41 view(s)
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Netflix will lose money for all of 2012

By Julianne Pepitone
CNNMoneyTech

November 22, 2011

NEW YORK (CNNMoney) -- Netflix dropped a double bomb late Monday: The company now expects to lose money for all of 2012, and it is looking to raise cash in a secondary offering of its stock.

Netflix (NFLX) warned in its last earnings report that it expects to be unprofitable "for a few quarters" starting at the beginning of 2012. The primary culprit is Netflix's pricey plan to expand its streaming video service into the United Kingdom and Ireland, but a wave of subscribers jumping ship hasn't helped.

Full article: http://money.cnn.com/2011/11/22/technology/netflix_unprofitable/?source=cnn_bin

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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