People@TGDaily

10 things you didn't know about...
Read more at
   SmallNetBuilder.com
Netflix reports first drop in subscriptions PDF Print E-mail
Business and Law
By washingtonpost.com   
Monday, July 23, 2007 20:50

Netflix, the largest online DVD rental company, on Monday reported its first-ever quarterly drop in subscriptions and cut forecasts for subscribers, revenue and profit for the year in the face of fierce competition from Blockbuster. Shares fell 4% in extended trading. The stock had already closed the regular trading session 12% lower after the company cut prices on two of its subscription plans.

Read the complete story here. 

Comments (8)Add Comment
Jul 24, 2007 01:28     
Jul 24, 2007 07:52     
Jul 24, 2007 11:42     
Jul 24, 2007 12:36     
Jul 26, 2007 13:14     
Jul 27, 2007 13:15     

Write comment
This content has been locked. You can no longer post any comment.

busy
Recommend article:
Slashdot
Digg
Delicious
Technorati
YahooMyWeb
Stumble
NewsVine
Ma.gnolia
Subscribe to the TG Daily Newsletter
Email:
 
-view -business -118 --118
Powered By Page_Cache by Ircmaxell
Generated in 22.3154377937 Seconds