Netflix Account Losses Much Higher Than Expected After Pricing Backlash
Netflix lost 800,000 subscribers in the last three months, according to the company’s third quarter financial report on Thursday. The streaming-and-DVD site is down to 23.8 million users as of September 30, 2011, compared to 24.6 million users on June 30, 2011. The reason for the loss, per a letter to investors written by Netflix…