GatewayRedbirds.com

Netflix's stock, Web site both go down
7/24/2007, 1:54 p.m. EDT
By MICHAEL LIEDTKE
The Associated Press

SAN FRANCISCO (AP) — Netflix Inc.'s stock price plunged to its lowest point in more than two years Tuesday after the online DVD rental leader reported the first quarterly customer losses in its history and dimmed its earnings outlook for the rest of the year.

To make matters worse, Netflix's Web site — the hub of its rental system — went down Monday evening and remained inaccessible as of Tuesday afternoon (EDT). Spokesman Steve Swasey attributed the outage to an unanticipated problem that he declined to describe. Engineers hoped to fix the trouble by 2 p.m. EDT.

Netflix had been in the process of updating its computers to reflect price reductions that took effect Tuesday.

All I know is Season 2 of Weeds better be waiting for me when I get home.

Luke, are you ranting because you own Netflix stock or you want to rent a movie?

I think the netflix turnaround predictor is pretty interesting.

I put my subscription on hold because I was tired of only watching 1 movie every 3 weeks. Summer (baseball season and good weather) is a killer for any movie watching time I may have.

--P--

I subscribe to that blockbuster online thing and I haven't returned (therefore haven't received any) dvds for months now. I am stupid to keep paying the monthly fee.

Michael wrote:I think the netflix turnaround predictor is pretty interesting.

Wasn't there a class action lawsuit about this or something? It was obvious they were doing this but it wasn't in the rental agreement.

G. Keenan wrote:

Michael wrote:I think the netflix turnaround predictor is pretty interesting.

Wasn't there a class action lawsuit about this or something? It was obvious they were doing this but it wasn't in the rental agreement.

This is one of those cases where, even if they're doing this, I can't help but take the historical perspective which is that before they came along and made this the norm, nobody was doing it. So I'm grateful it's available at all. I guess that makes me a sucker. They have great variety, and I don't have to go to the store and browse forever.


I also signed up pretty early on (2001?) when they only had a few warehouses and I used to get movies a lot slower than I do now. I'm not gonna complain. If it helps them stay solvent and compete with Blockbuster, I'm down with it.

I'm with you, ghost, tried and true. I've also been a member since '02. I've experienced what I considered a delay once. Netflix has my vote all day, every day. I don't know why this is a rant.

Edit: I am happily watching Weeds Season 2 on the day it was released.

ghostrunner wrote:

G. Keenan wrote:

Michael wrote:I think the netflix turnaround predictor is pretty interesting.

Wasn't there a class action lawsuit about this or something? It was obvious they were doing this but it wasn't in the rental agreement.

This is one of those cases where, even if they're doing this, I can't help but take the historical perspective which is that before they came along and made this the norm, nobody was doing it. So I'm grateful it's available at all. I guess that makes me a sucker. They have great variety, and I don't have to go to the store and browse forever.


I also signed up pretty early on (2001?) when they only had a few warehouses and I used to get movies a lot slower than I do now. I'm not gonna complain. If it helps them stay solvent and compete with Blockbuster, I'm down with it.

I understand why they do it. I just think they should be up front with their customers. Don't say "unlimited rentals" if it isn't, that's all.

Eh, really not a rant. Finding their website down for 20 hours then seeing the stock drop had me a bit concerned because I am a fan of Netflix. I really love the breadth of films they cover.

Tonight I watched Being There via the streaming feature.