Netflix Isn't Doing As Bad As We Thought It Was
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Netflix had a pretty bad 2011. And that might be underselling it since the company pretty much destroyed all the goodwill it developed over the years and became a laughingstock. No matter! Netflix just announced its earnings for the fourth quarter of 2011 and things are looking good.
To sum it up: Netflix is actually adding streaming customers again. The company added 220,000 net domestic streaming subscribers (total now at 21.67 million) and 380,000 net new international streaming customers (total now at 1.86 million). DVD subscribers, however, plummeted by 2.76 million leaving only 11.17 million people still getting Netflix by mail. »read more
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