Netflix reports first drop in subscriptions
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 more
- Business,
- netflix ,
- sunscription ,
- drop
MIT researchers demonstrate spark-free, efficient engines
- Microsoft joins the search privacy parade
- Logitech intros wireless notebook mouse
- Netflix cuts monthly fees
- Western Digital announces Green terabyte hard drives
- Quad-cores for all, Intel price cut
- Linux to power world's largest single-OS supercomputer
- Intel lures IT managers with rock music
- Google buys aerial image specialist ImageAmerica
- Fujitsu announces fingerprint security for Windows
TI sees another revenue decline in Q2
- Next Windows OS only three years away?
- Image Preview: Warhammer Online: Age of Reckoning
- Lower price sparks PS3 sales to jump 135 percent
- Harvard alumni sue Facebook for stealing their idea
- Wii crashes sales charts again
- TiVo to launch new, cheaper HD DVR next month
- Qantas to upgrade planes with wifi, power
- Alienware offers SSDs for notebooks
- Giant software piracy syndicate nabbed in China
Sponsored
See more
Latest news
Miscellaneous Previous news
Partners
