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To tell the truth, I think Hastings' decisions were just the straw that broke the camel's back. It's stock price was an unrealistic one -- a bubble just waiting to be popped. IMO, NetFlix has an unsustainable business model in streaming.
For example, a new release on Amazon would cost you $3.99 or so to stream, with about $3 of that cost going to the content provider. How can NetFlix possibly compensate content providers for premium content when they are only charging their customers $7.99 a month?
Commented Dec 29, 2011 on NY Times Includes Reed Hastings in List of "Worst C.E.O.'s of 2011" at Hacking NetFlix
NY Times Includes Reed Hastings in List of "Worst C.E.O.'s of 2011"
Sydney Findelstein, in "Another View" in the NY Times, put together a list of the worst CEO's of 2011 and included Netflix CEO Reed Hastings: My final entry in the Worst C.E.O.’s of 2011 is Reed Hastings of Netflix. And if ever a chief executive found himself in the midst of what the economist ...
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