Wednesday, July 25, 2007

Netflix woes deepen with plunging stock - Yahoo! News

 Doubleplus ungood day for Netflix...

Netflix Inc. frustrated investors and customers alike Tuesday as its stock price plunged to its lowest point in more than two years while its Web site was inaccessible most of the day because of unexplained technical problems.

The 7 percent drop in Netflix's shares wasn't a shock after the Los Gatos-based company reported the first quarterly customer losses in its history and dimmed its earnings outlook for the rest of the year.

Netflix woes deepen with plunging stock - Yahoo! News

Post a Comment