Netflix Stock Drops as Prices Rise

Credit: Netflix
Found On: www.technewsdaily.com

Today on Yahoo! Finance an article from The New York Times writer Brian Stelter was posted pertaining to Netflix. According to Stelter, as Netflix's price hike took place this month the stock in the company dropped around 15%. The price hike which was announced earlier this summer involved the separation of streaming and DVD options. In order for a customer to have both they would have to pay $8 for each.

Along with their drop in stock, they have also seen a drop in customers as Netflix members cancel their accounts. On a brighter side, however, the company's chief executive, Reed Hastings, has claimed that the extra revenue for the company will help with their research and development as well as their content availability for streaming. Be sure to click on the link below to read the rest of Stelter's article.

Price Hike Sends Netflix's Stock Downward - Yahoo! Finance