The Hit Farm

'Desperation Mode': Netflix Drops Qwikster DVD Spinoff, Stock Price Soars. Posted by admin on October 10, 2011. Just three weeks ago, Netflix CEO Reed Hastings admitted he “messed up” by failing to adequately explain the changes to the Netflix's decision to kill off an unpopular idea — a separately branded DVD service — was unpopular [...]

Netflix Inc., Jefferies Group, Carnival and ConAgra Foods are among the names that could see stock movement on Tuesday. Netflix stock has fallen incredibly far and fast in recent days. What do investors do now? By Hayley Tsukayama, Netflix made a big change and — at least in the short term— it's backfired on the [...]