Filed under: Netflix, Stocks in the News
It only takes two months to go from hero to goat on Wall Street.
Just ask
Netflix (
NFLX). The video rental giant has gone from hitting all-time highs just two months ago to busting through new 52-week lows this week. (Here's
a graphical representation of the ugly dive.)
The flop has been brutal, and Netflix can't blame anyone else for its woes. Its decision to begin
charging subscribers on unlimited DVD plans $7.99 a month for streaming -- something that they have enjoyed for four years at no...
Why Netflix Will Never Be Great Again originally appeared on DailyFinance.com on 2011-09-21T16:45:00Z.
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