Netflix (NFLX) Backs Down on Qwikster
The management team at Netflix Inc. (NASDAQ: NFLX) apparently spent the weekend attempting to come up with a method to back down from the company’s current announcement that it would split its business into a streaming-only service as well as a DVD-by-mail service to become named Qwikster. Buyer accounts, now unified under just the Netflix name, could be split so that if a client had both the streaming and also the DVD service, that unlucky soul would have to handle two accounts and pay two bills.
You will find also a lot of options obtainable for Netflix to count on holding clients who think they may be being overcharged. The company’s stock is up greater than 10% inside the pre-market this morning, at $127.58, within a 52-week assortment of $107.63-$304.79. That’s nonetheless rather weak for a stock that closed above $200/share much less than a month ago.
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