Netflix CEO Comments On Recent Decisions

Posted by Unknown on Wednesday December 7, 2011 @01:51AM 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.'"

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Re:Raise money by giving up a couple of lattes by Anonymous Coward · 2011-12-07 03:04 · Score: 4, Funny

I agree, I switched to Hulu too as they don't charge extra for DVDs.
Re:Raise money by giving up a couple of lattes by ElectricTurtle · 2011-12-07 06:23 · Score: 3, Funny

Do you win a prize if you can find a Blockbuster store that hasn't shut down?

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I support the Slashcott and will not be reading or commenting from 2/10/14 to 2/17/14. Beta is steaming pile of dog shit