Archive for September, 2011
Netflix Stock Drops Almost 10%… Again
Sep 20th
Okay so I’ve been feeling a bit guilty for my posts on Netflix. I felt that maybe I haven’t been fair to them. Well the Netflix nightmare hasn’t ended. Today, Netflix takes another huge hit on their stock. I really didn’t think it could get any worse… More >
Google Plus – Open To The Public
Sep 20th
Today I went to www.google.com and noticed an interesting arrow pointing to the top-left hand corner. It seems that Google Plus is now open to the public. I thought, “Maybe I got randomly selected?” But nope, tried it on a different browser and it still showed up.
So for all those waiting, Google Plus is now here. Happy Googling…
What are you waiting for, go to Google Plus
Surprise, Surprise, Netflix Takes Big Hit on Stock
Sep 19th
I wonder if Mr. Reed Hastings saw this coming 10 weeks ago. It was exactly 10 weeks ago on July 11, 2011, that Netflix was polishing and preparing to send out an email to their millions of subscribers the following morning letting them know of the price increase. At that time, Netflix (NFLX) had a stock price of $289.14 per share. The day after, on July 12, 2011, Netflix announces its price increase and failed at damage control. About seven and a half weeks later, Netflix announces that they’re losing Starz. At only 17 days after that, Netflix CEO gives his apology but with a twist in the form of Qwikster. So what do the shareholders think of this? More >
Netflix is dead – A letter from their CEO
Sep 19th
First Netflix increases their prices by 40-60% with no improvement in service. This price increase was rationalized as allowing for greater streaming content. But then Netflix announces that Starz will not be renewing their contract and thus they’re losing quite a bit of streaming media. But that’s not the end of it, Netflix CEO, Reed Hastings, just sent an email out early Monday morning which I honestly thought was a joke and had to double-check its authenticity. What we all knew as Netflix is now Quickester… Quikster… or however you spell it (actually spelled Qwikster… a marketing fail in itself). More >
How an Accounting Trick Turned Pandora From a Money-Loser Into a Cash Machine
Sep 8th
Awhile back I spoke about how I found it interesting that both Groupon and Pandora were doing an IPO even though they were experiencing an alarming rate of losses.
Fast forward to today… Groupon has canceled their IPO and things are not getting better for Pandora: Read more about it.
