Netflix is dominating the media news today after a blog post from CEO Reed Hastings declares, “I messed up,” explaining that he wasn’t transparent enough about the price increase. He also unveiled plans to spin off the DVD portion into a new business called Qwikster. Here’s some reaction — largely negative — from around the web:
– Netflix’s split “wrong strategy at the wrong time” (PaidContent)
– The Netflix-Qwikster split sucks for customers (Business Insider)
– Reed, don’t listen to Wall Street (TechCrunch)
– Why Reed Hastings should be applauded for split (Both Sides of the Table)
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