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Netflix Loses 800,000 Subscribers After Qwikster Gaffe

Posted by ryuzaki0 on from the rebranding-gone-wrong dept.

bs0d3 writes "Netflix's video subscription service lost 800,000 customers in the third quarter, the single biggest loss in its history. Shares plunged by more than 25 percent in Monday's extended trading. Netflix is predicting that its combined loss of customers and European launch will push it into the red next year where it may stay for all of 2012, according to a letter to its shareholders (PDF)."

2 of 325 comments (clear)

  1. obvious fix by frovingslosh · · Score: 4, Funny

    They should raise prices to make up for the lost customers.

    --
    I'm an American. I love this country and the freedoms that we used to have.
  2. Re:I agree. by elrous0 · · Score: 5, Funny

    Well, every time my wife catches me watching it, I certain pay for it.

    --
    SJW: Someone who has run out of real oppression, and has to fake it.