Netflix To Users: Drop Dead!
I’m thrilled that Netflix’s shares have taken a hit since the company announced two weeks ago a whopping 60 percent hike in subscription rates. The company expects to have its slowest growth in years in the next quarter. But does Netflix CEO Reed Hastings give a damn about “the little people” feeling the pain in a recession? No. He say’s he’s feeling “great” about the decision to gouge consumers. He says he always knew a lot of folks would leave. Let them go back to Blockbuster!
