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Jeff Imes
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I don't understand how Netflix thought that they'd make any money from this. If the poll numbers here are anywhere near to accurate, and even if you remove the "Quit" option, Netflix's current gain is a measly 3% increase. However, every percentage point in the "Quit" button digs into that 3%. Right now, Netflix is looking at a 30% drop in revenue because of this action. But what do I know -- Wall Street is cheering the news, as NFLX is up....hmmm, 3%. How coincidental....
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Jul 13, 2011