Netflix Loses 800,000 Subscribers in 3Q

watchingtv 150x150 Netflix Loses 800,000 Subscribers in 3QNetflix reported some not-so-great news to its shareholders: 800,000 subscribers left in the third quarter. That’s an even larger number than the company had forseen after announcing a very unpopular price hike in July, according to USA Today.

The news caused Netflix shares to plunge 27 percent.

Read more: http://www.usatoday.com/tech/news/story/2011-10-24/netflix-loses-subscribers/50895290/1

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