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Netflix Loses 800,000 Subscribers After Qwikster Gaffe 325

Posted by Unknown Lamer
from the rebranding-gone-wrong dept.
bs0d3 writes "Netflix's video subscription service lost 800,000 customers in the third quarter, the single biggest loss in its history. Shares plunged by more than 25 percent in Monday's extended trading. Netflix is predicting that its combined loss of customers and European launch will push it into the red next year where it may stay for all of 2012, according to a letter to its shareholders (PDF)."
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Netflix Loses 800,000 Subscribers After Qwikster Gaffe

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