Agree. Nice to see big companies listening to the customer. Also good to see the masses do the right thing by closing accounts and voicing outrage.

 

Netflix listened by not splitting the company into 2 companies (1 for DVD & 1 for Streaming). They are still retaining the higher charges though.

"Just because I don't care doesn't mean I don't understand".

 

The price bump was large percentage wise, but for those who had been with them for years it was actually a great deal for a long time. They are surprisingly still less expensive and still have a larger catalog than any of their competitors, providing you don't want "new" releases. Not defending them, but I dropped disc and kept streaming. Now that they decided to keep it one, I won't be adding disc back on.

 

I dont understand how these companies keep expecting their profits to jump up 200-500% every year. Sure it works that way when you're up and coming but 5 years later, they really shouldnt expect that.

 

If you could make more money, wouldn't you?

 

When you are a publicly traded company you have little choice if you want your stock to continue to be worth something.

 

Yep, it was a large increase but like you said it was a great deal for a long time. I have streaming only and it's definitely worth eight bucks a month.

 

SWEET!! I GET TO KEPP MY SF GINATS DEBIT CARD NOW! OH YEA!

 

 

yes

 

The best part is netflixs spin of their record earnings. Because all the ppl who opted out were charged for any old dvd returns etc, that had been in limbo while people were paying for service.

 

Read:

Infectious Greed: How Deceit and Risk Corrupted the Financial Markets by Frank Partnoy

and

The Great American Jobs Scam by Greg Leroy

Crazy what companies can/will do to increase profits or even supposed profits. Companies will cut their workforce by 40% while the CEO's annual bonus increases by $200,000+ on top of their regular salary.

Ive already read Infectious Greed and im half way done with Job Scams. Its crazy to read what some of these (big name corporations) have done and continue to do just to squeeze profits.

 

I'm glad that I closed my Bank Of America account in 2004...

 

I swung by my local branch of Provident the other day, it was crowded... totally bizarre. Spoke with the manager, and she said most of their branches were actually going to have to double staff in anticipation of Nov 5th, but she wasn't sure how it could get much busier. Was refreshing to see a good company flourishing.