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Re: Netflix will lose money for all of 2012

By: ribit in ROUND | Recommend this post (1)
Tue, 22 Nov 11 10:34 PM | 52 view(s)
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Msg. 36500 of 45651
(This msg. is a reply to 36491 by Decomposed)
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decomp
...netflix is a luxury. When a luxury virtually doubles it's prices in what is perceived as hard times, people either give up the luxury or start looking for an alternative. This is what us rednecks call "screwin the pooch".

Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:

Netflix will lose money for all of 2012
By: Decomposed in ROUND
Tue, 22 Nov 11 9:26 PM

Msg. 36491 of 45651

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

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