The Artful Dodger wrote:Mookie4ever wrote:wow, the stock is falling like a rock. It lost 35% of its value in one day and has fallen $304 to $75 in 3 months.
Bad time for Netflix. The Starz renewal falling through, the Dreamworks Animation deal and the Qwikster fiasco are indicators that Netflix isn't that lucrative of an investment. The content providers have more negotiating clout than before and that would figure to eat away at Netflix's margins one way or another (they're quite low to begin with). Also, the proposed Qwikster spinoff forced people to get thinking about how much they use Netflix (DVD or streaming) and how much value they offer compared to other alternatives.
Netflix subscribers fell by 1 million in Q3