As Netflix (NFLX -4.2%) has another down day, CFO David Wells proclaims customers who cancelled their subscriptions last year due to displeasure with Netflix's price hike are rejoining the service, and that rejoining subscribers (those who left a year ago or less) amount to 1/3 of new subscriptions. Of course, that might also be a sign of slowing first-time subscriber adds. Separately, Netflix is rolling out a revamped web video player. [View news story]
NFLX is only for those who are thinking long, nothing to gain from short term
As Netflix (NFLX -4.2%) has another down day, CFO David Wells proclaims customers who cancelled their subscriptions last year due to displeasure with Netflix's price hike are rejoining the service, and that rejoining subscribers (those who left a year ago or less) amount to 1/3 of new subscriptions. Of course, that might also be a sign of slowing first-time subscriber adds. Separately, Netflix is rolling out a revamped web video player. [View news story]