Even though I saw more than my fair share of moans about the Netflix price increase on Twitter and the like, Netflix thinks they got away relatively unscathed. Cue a deluge of further complaints after CEO Reed Hasting’s comments.
https://gizmodo.com/netflix-price-hike-tied-to-unexpected-demand-for-those-5821946
Even though their stock took a nose-dive, and Netflix believes they’ll have problems attracting new subscribers, Hastings stated on an earnings call that they “knew what we were getting into, we tried to be as straightforward as we could, and that has worked out very well for us.” [All Things D]
