CTUSA - Listen Up, Netflix! Even Wall Street Thinks You Made a BIG Mistake!!

Earlier this week, As is to be expected, there was LOTS of backlash from critics and customers…and now Wall Street is telling Netflix that they messed up!
Here's what Pacific Crest Securities analyst Andy Hargreaves had to say about Netflix's big business mistake:

"Netflix's recent price changes, followed by the separation and rebranding of the DVD business, have increased (subscriber turnover) and damaged the brand value. We expect near-term uncertainty to persist until the direction of content negotiations and competitive offerings becomes clearer."

More from Janney Capital Markets analyst Tony Wible:

"We believe the loss of $9 billion in market value rests with the CEO and believe one of the only ways (Netflix) can reverse momentum is to change management and reverse much of what it has already committed to. Frankly, we do not believe (Netflix) is likely to take these steps. The management has not shown to care about investors or its customers."

http://www.forbes.com/sites/ericsavitz/2011/09/15/netflix-was-the-subscription-price-change-a-giant-mistake/