Netflix Has Learned Its Lessons December 6, 2011

There are a lot of people that have turned away from Netflix after they decided to raise their prices this year. There are a lot of people that do not realize that Netflix’s CEO Reed Hastings has a clear view of the way that the public has changed their view of his company.

Customers started complaining and cancelling with such high rates that Netflix reversed their plan to charge separate prices for DVDs-by-mail and streaming videos.

“We moved too fast with it,” Hastings said. “We berate ourselves tremendously.”

As he gave the media a blunt talk about the company, he emphasized that the company is going towards streaming. Although the company will not do anything to hurt the DVD business, their focus will continue to be on their streaming.

Over the past six months Netflix’s stocks are down 74%. Hopefully, the company has learned its lesson and will be able to start increasing the number of people that view the company positively.

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