The Internet retailing pioneer's era of dominance is over. There are other e-commerce companies that provide better investment opportunities.
The company's subscribers may place a higher value on TV series, which are more conducive to 'binge viewing' and are superior at engaging a fan base.
With a foolish Facebook update, CEO Reed Hastings repeats history and raises expectations too high.
Reed Hastings posts upbeat viewership comments on Facebook.
| Tags: | NetflixNFLXTheStreetcom |
French voters effectively reject austerity; Holland's government collapses. Crude oil and gold fall. Netflix shares tumble after hours. Wal-Mart shares slump on Mexican bribery allegations. Apple falls ahead of earnings.
The online retailer's shares slump after third-quarter earnings miss Street estimates. Stocks fall on earnings and economic worries. Netflix shares drop nearly 35%. Gold hits $1,700 on new European uncertainty.
The index will also add F5 Networks and Newfield Exploration. New York Times Co., Eastman Kodak and Office Depot will move to the S&P Midcap-400.
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