Netflix stock still smarting 1 year after service price hike
Netflix is more popular among couch potatoes than investors a year after its polarizing decision to raise U.S. prices for video subscription services. The unexpected twist that Netflix unveiled a year ago Thursday triggered mass customer cancellations and a sell-off in its stock, which has wiped out more than $11 billion US in shareholder wealth. Netflix Inc. has bounced back this year to revive its subscriber growth. […]
