3 ms·
Huh, I was one of the few who thought Qwikster was a good idea. I even bought stock a day after the announcement. Now what? I was convinced that this was bitte
by losvedir 15y ago
Huh, I was one of the few who thought Qwikster was a good idea. I even bought stock a day after the announcement. Now what?
I was convinced that this was bitter medicine, but impressed that Reed Hastings was doing it. I figured if they separated out Qwikster, a solid, cash-generating business, they could sell it to raise capital to buy better streaming content.
I only use Netflix streaming, and Reed has stated from practically the very beginning that his vision was streaming in the future. DVDs clearly (at some point) will no longer exist, and I thought selling off that business now, while it still had some legs, was a good move for the long, long term.
Maybe they had a suitor for the DVD business that backed off. Or maybe it really was a change of mind. I don't know, but I'm disappointed overall.