Netflix CEO Comments On Recent Decisions

ExE122 writes "Netflix CEO Reed Hastings makes several comments about mistakes that were made over the past year. Hastings claimed, 'We moved too fast with it', [trying to exit the DVD-by-mail business] and explains that he still thinks Internet video will dominate in the coming years. From the article: 'Hastings also faced tough questions about last month's double-bomb disclosure: Netflix now expects to lose money for all of 2012, and it is looking to raise cash in a secondary offering of its stock.'"

Re:Raise money by giving up a couple of lattes

[Anonymous Coward]

I agree, I switched to Hulu too as they don't charge extra for DVDs.

Re:Raise money by giving up a couple of lattes

[ElectricTurtle]

Do you win a prize if you can find a Blockbuster store that hasn't shut down?