Tagged: Qwikster

Hollywood 0

July 13, 2011: Netflix Splits DVD – Streaming

2011 – CEO Reed Hastings announced a bombshell that, in turn, brought on Netflix’s single worst year ever. He announced that they were splitting Netflix streaming from DVD rentals. With that, the price would be doubled – $8 for 2 DVD rental plan and $8 for streaming. If you were an existing customer, you would be grandfathered in until September. This news caused their stock to fall, which continued when Hastings announced the DVD division was to be rebranded as Qwikster, and sold (which, of course, didn’t happen). 1923 – HollywoodLand Sign is dedicated to the people in Los Angeles CA. The...

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Netflix 0

May 29, 2002: Netflix Filed IPO

2002- Netflix, the rental movie-by-mail service, initiated their Public offering. They sold 5,500,000 starting at $15 a share. They sold an additional 825,000 the next day. Of course, the Netflix stock has fluctuated over the years, including 2011, when CEO Reed Hastings tried to split their online and DVD rentals, then announced Qwikster – with hopes to sell that side of the company. Of course, he retracted that statement, but not before loosing 2/3 of stock price (was at $291 in 2011, now at $70 / share). Full Day in Tech History podcast show notes for May 29 Vim 4.0 is released believeinkids.com...

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