$NFLX bombed, too! Down 25% for the day, to $60.28. Reed Hastings blamed the Summer Olympics for making it tough to get new subscribers. Maybe it's the Equestrian events. I don't know.The bottom line, in my opinion, is competition. There are other ways to get content. Lets add the global slowdown and higher prices to the mix. Netflix didn't get more popular with the 2011 fee increases.
By the way, I still love Netflix.
Posted with Blogsy