Netflix CEO: 'we messed up'

*

I am Perry Peterson, a retired auditor and tax accountant. My wife Valeta and I live along the front range of the beautiful Colorado Rocky Mountains.

Please note: some of the links in older postings on this website may have expired by the time you see them.

Subscribe to this blog's feed

The walking numbers man is back by special request

Quilts by Valeta “Sam” Peterson

September 19, 2011

Netflix CEO: 'we messed up'

Netflix sent a statement and video message today (Sept. 19) to all of its subscribers apologizing for the “lack of respect” in the way it unexpectedly announced it would be separating its DVD and streaming services and increasing its prices 60%.

The company also announced it will be renaming its DVD-by-mail service Qwikster.

Netflix stock fell almost 15% amid fears that the company would loose one million subscribers.