Wednesday, July 25, 2007

Netflix's Stock, Web Site Both Go Down

"We are in a very competitive, tumid battle" Netflix Inc. thwarted investors and customers alike Tues as its broth monetary value plunged to its last degree in more than two age piece its Web site was inaccessible most of the day because of unexplained technical problems.The 7 percent drop in Netflix's shares wasn't a blow out of the water afterwards the Los Gatos-based troupe reported the 1st every quarter customer losses in its story and dimmed its lucre mind-set for the rest of the year.But the Web site outage was a surprising _ Chicago Information unenviable _ setback. Read more