How A Hike in US Postage Rates Could Cost Netflix $50 Million A Year
A new plan for the United States Postal Service to raise postage rates in the beginning of 2011 could mean a massive cut in Netflix profits. The video rental service, which uses the US Postal Service as a massive part of their business, mailing DVDs to their customers, could lose as much as $50 million next year if the rise in postage rates is approved.
According to NewTeeVee, “For fiscal 2009, Netflix earned $115.9 million, or $1.98
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