Netflix's Reed Hastings: All Right, We Get It!

Netflix took a beating yesterday like Rocky Balboa versus Apollo Creed. The company lost 800,000 subscribers over the quarter and a huge chunk of its stock value. Ugly! Still, its earnings beat expectations.

Netflix CEO Reed Hastings has gotten the hint and, during yesterday’s earnings call, made it clear that he’s been wrong about everything the company has done since the summer.

“In hindsight, it is hard to justify. Having separate brands can in theory make sense. However after the price increase, Qwikster became the symbol of Netflix not listening,” he