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Netflix, Inc. Message Board

  • joegi50 joegi50 Jul 13, 2011 2:22 AM Flag

    NFLX: Do Not Catch a Falling Knife

    Dear Beloved Loyal Customers,

    We are separating unlimited DVDs by mail and unlimited streaming into two separate plans to better reflect the costs of each. Now our members have a choice: a streaming only plan, a DVD only plan, or both.
    Your current $9.99 a month membership for unlimited streaming and unlimited DVDs (including Blu-ray access) will be split into 2 distinct plans:
    Plan 1: Unlimited Streaming (no DVDs) for $7.99 a month
    Plan 2: Unlimited DVDs (including Blu-ray), 1 out at-a-time (no streaming)for $9.99 a month
    Your price for getting both of these plans will be $17.98 a month ($7.99 + $9.99). You don't need to do anything to continue your memberships for both unlimited streaming and unlimited DVDs.
    We realize you have many choices for home entertainment, and we thank you for your business. As always, if you have questions, please feel free to call us at 1-888-357-1516.

    Oh boy only $17.98 per month to watch the garbage Hollywood puts out!! What a deal.
    The price hike is too high. It is that simple. From $9 to 11 or 12 and I might not care, but $18 and it feels different. In addition, the streaming library is very limited so going that alone doesn't sound great to me and probably most others.
    No thanks, Netflix. I lost my job. I will not pay more in an economy like this because I can't afford to. I will start streaming movies online for free. $8 in my world could be used for food. If I had Netflix stock, I would sell it before the poo hits the fan.
    Who's bright idea was this? You guys really shot yourselfs in the foot this time. Me and millions of others will be canceling when the new billing starts. Look at the state of this economy - people want a bargin.
    Its not just the price increase...most people won't find an extra $8.00 a month to be a hardship. Its the principle of the betrays consumer loyalty in favor of increased profits and stock holder priorities at consumer expense...pure greed! Consumers are not able to fight most corporate greed when it comes to basic necessities like energy, food, etc... and the only way to fight back is to do without an unnecessary product or service like this. Its nice to see consumers finally fighting back for a change...through buying power. Hopefully this will only be the beginning of average Americans standing against corporate greed!

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    • I told you so. The worst has yet to come to NFLX. Wait for few more days and SHORT NFLX again. Happy and enjoy your investment.

      Sentiment: Strong Sell

    • Perfect time to SHORT NFLX before the upcoming Earning Release and NFLX management sold their NFLX shares. Do not become greedy and enjoy your ride.

    • They how do you explain Apples sky high profits, on rediculously overly priced products...

      People routinely spend 100+ a month on their cellphone bill.

      That is rediculous in my opinion...

      • 1 Reply to shan555
      • It's rediculously sick , only people who have money to waste , I block all text and data messaging . I'm a business man and if someone needs to get a hold of me they can call . I give high 5's to anybody in there twenties who does the same and was pleasantly surprised there are some smart kids out there . Technology has gone too far as I see it . It's addictive personality types and got to have it if everyone else has it . I will always be a holdout !!!

    • Jumping into the fray. Duh! Guess that management is trying to show the value of unlimited streaming by making the blend unreasonably expensive.

      The future is in streaming content and Netflix's profitability will soar when the warehousing and postage expenses are eliminated: even if they have to pay Hollywood more for the content.

      In at $86.65 looking for @ a $7 pop.

    • Im so proud of the young people fighting the greed of companys.There greed is killing american life for the middle class, or should i say the poor class.

    • December and October are the best time to SHORT Netflix. Enjoy your ride. Do not become greedy like NFLX management, their arrogant your fortune. Do not go against or complaint about Netflix , profit from it.

    • Wish I had shorted this one when you wrote this observation. Good call!

      • 3 Replies to hightower1215
      • I starting to put a SHORT price on Netflix this week. Have fun.

      • "Wish I had shorted this one when you wrote this observation. Good call!"
        $3.2 Billion wiped out in a single day for Netflix shareholders. As I shared with you earlier it is never too late to Short NFLX.
        Perfect time to SHORT Netflix...Drama never cease at Netflix. The worst has yet to come. Have fun and enjoy.

        You will never please WallStreet Speculators. They always demand for more and more. Then dump Netflix in a heartbeat. Customers and loyal fans will not. Listen to your loyal

        fans and customers, your most powerful assests, not Wall Street Analysts. WallStreet speculators are only interested in short term with financial manipulations to enrich themselves in short time possible, not building business.

        Warning: after all the recent crisis, these WallStreet friends of Netflix losing ton of money and ready to jump off bandwagon. Watch out for Pump and Dump.

        I told you so....Institutional Investors losing ton of money and ready to bail befor the end of the year. Watch out for Pump and Dump. Drama never cease at Netflix.

        NETFLIX: The worst has yet to come and drama never cease at Netflush. Do not catch a falling knife. Never bite the hands that feed you...

        Follow Netflix CEO Hasting and friends: Short Netflix. Join Occupy WallStreet. Be Happy.

      • "Wish I had shorted this one when you wrote this observation. Good call!"
        It is never too late to SHORT Netflix. Stupidity is contagious and Netflix will never learn. It is hard to find shares to short.
        Nothing will beat experience, include MBA degrees. Watch out for Analysts and new institutional investors. They will dump their shares in a heart beat.
        As a Netflix customers and investors in early stage, we were loyal fans.
        Corporate greed in this country is out of control. You have a good customer base; you need to continue to grow that, not step on them—good for the people who have resisted the new stupid Netflix policies—I for one have distanced myself from this greedy man and his corrupt management team and Board of Directors.
        Never put customers before profits and greeds.

    • NETFLIX: The worst has yet to come and drama never cease at Netflush. Do not catch a falling knife.
      Never bite the hands that feed you...I told you so.

    • Bizare strategic business move that have cost Netflix tremendously, nothing but man made disasters. Both Netflix customers and shareholders are Not going back. Can't tolerate dealing with pompous, overbearing, vapid, and imbeciles.

      This is got to be the worst CEO I've ever seen. Shorty after every announcement they have to backtrack. Are they not doing research or testing these changes on samples groups before hand??? They key is to have a good understanding of the reaction BEFORE you change things. Every person in the business world should know this, especially a CEO !

      This whole plan was absurd from the very start (when they raised rates) and anyone wth HALF a brain could see it. Look at the money and time wasted, and the customer loyalty lost in this. This is typical of our business leaders today. They're looking at nothing but near term stock price instead of long term viability.

      The duck had its head cut off and is still running around flapping and quacking BUT the duck is as dead as Netflix management. The amount of the price increase was absurd. What was the Netflix CEO and his cronies thinking anyway? Netflix was successful and maybe going to bigger things at $300/share. I think arrogance and greed clouded the thinking of the CEO and his MBA management.

      Netflix CEO Hasing and his MBA management make an announcement they are changing their business in a way THEY KNEW would be unpopular, the stock prices drop considerably which they knew they would do, they rush out and buy up stock at the lower costs, then announce they are abandoning they change, and the stocks rise again which they knew they would, thereby allowing them to make tons of money. Sound more like fraud than a change in business plans!!

      Netflix Board of Directores and MBA management would make a classic case study in business school on how to effectively destroy and brand, values, marketshare, and huge stock price.
      Why doesn't Netlfix management get their heads screwed on straight? In a matter of six months, he has destroyed all the good will that Netflix built up so perfectly over the years and left the company with an image of a greedy bunch of jerks trying to wring the last dollar out of their customers. I used to think he was pretty sharp, now it appears he's actually quite stupid.

      Not a problem for me I have already canceled my account. Just tired of companies treating customers like ATM machines.Price still went up 60% to consumer. Providing a service of fleecing the customer's wallet. We quit long ago and will never go back.

      We have no trust in Netflix Management's abilty to run this troubled Company going forward. Changes to incoroporate stability and consistent strategic planning is all they need.

    • We had Netflix for awhile and canceled before the rate hike. A bunch of low quality movies streaming of poor quality.

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