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Netflix CEO Comments On Recent Decisions

Posted by Unknown on from the everyone's-a-critic dept.

ExE122 writes "Netflix CEO Reed Hastings makes several comments about mistakes that were made over the past year. Hastings claimed, 'We moved too fast with it', [trying to exit the DVD-by-mail business] and explains that he still thinks Internet video will dominate in the coming years. From the article: 'Hastings also faced tough questions about last month's double-bomb disclosure: Netflix now expects to lose money for all of 2012, and it is looking to raise cash in a secondary offering of its stock.'"

1 of 360 comments (clear)

  1. well by Moheeheeko · · Score: -1, Flamebait

    I never thought id say this, but i'm now hoping Verizon's new venture turns out to be really good, these Netflix assholes are running the company to the ground.