09-15-2011, 12:55 PM
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Hibernian
Join Date: Mar 2010
Posts: 1,090
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UPDATE: Netflix Sees 1M Fewer Members Following Price Rise
--Netflix cuts subscriber guidance by 1 million, or 4%
--The decline in expected members follows controversial price change
--Stock hits 2011 low as investors worry about slowing momentum
(Updates throughout with more details and analyst reaction.)
Netflix Inc. (NFLX) on Thursday cut its domestic subscriber guidance by 1 million users, the fallout from the company raising prices on one of its most popular movie-rental plans, a move that angered many members but which the company continues to defend.
more UPDATE: Netflix Sees 1M Fewer Members Following Price Rise - WSJ.com
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