Netflix Spins Off ‘Qwikster,’ CEO Admits ‘I Messed Up’

Netflix’s recent price hike caused rampant backlash , cost the movie rental service one million subscribers , and sent the company’s stock tumbling. Last night, CEO Reed Hastings admitted in a blog post , “I messed up.” But he’s not offering a reversal on the price hike, simply an explanation that, he admits,…

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Netflix Spins Off ‘Qwikster,’ CEO Admits ‘I Messed Up’

Posted by on September 19, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.