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Tuesday, 11 October 2011 09:58

Goodbye Qwikster, we never knew ya!

Written by David Stellmack

 

Netflix Logo

Netflix not to split in two after all the fuss

Netflix has apparently seen the error of its ways before it was too late, and has admitted that their idea of spinning off the disc rental business as Qwikster didn’t generate the positive feedback the company was hoping for.

Instead, Netflix will stay whole for the time being, which means one company to pay and one web site to use. The company will continue to be your online one-stop shop for movie rentals as well as streaming. CEO Reed Hastings now admits that the entire thing was a bad idea and not what customers wanted.

So, goodbye Qwikster! We never even got to know ya; and honestly, we are pretty glad that we never did.


David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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Comments  

 
0 #1 Super XP 2011-10-11 11:22
There stock went down 60%, from about $300 to $120 or so. It was a bad move from the begining and it still is a bad move. Stick with Netflix period.
 
 
0 #2 a1927 2011-10-11 19:58
Quote:
CEO Reed Hastings now admits that the entire thing was a bad idea and not what customers wanted.


So it's time to go, right Reed?
 

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