Tuesday, March 25, 2008

Netflix glitch to delay deliveries | Tech news blog - CNET News.com

Weirdly, I recently resumed my Netflix membership, and my first DVDs were supposed to be shipped yesterday; oh well...

The blackout was the second longest in company history. In July, Netflix suffered an outage that lasted longer than 18 hours. On that day, the company's shares fell 7 percent as the market punished Netflix for a drop in customers.

This time, the glitch came as Netflix's customer numbers are on the rise and its stock is soaring. Stock analysts upgraded Netflix on Monday, and the company closed trading at $38.18, up 5 percent. Over the past six months, the company's shares have doubled in value.

Netflix glitch to delay deliveries | Tech news blog - CNET News.com

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