Netflix (NFLX) shares continue their descent, -4.2% in addition to yesterday's 7.4% shellacking...

|By:, SA News Editor

Netflix (NFLX) shares continue their descent, -4.2% in addition to yesterday's 7.4% shellacking after its "panic move" in splitting its DVD and streaming businesses. Morningstar says the July price increase was "necessary to help Netflix invest more in the streaming business, but it was a mistake to not offer a discounted price to customers taking both DVDs and streaming."