First there was the Netflix fiasco where their goofy CEO, Reed Hastings, raised their prices by about 60% and then was surprised by the number of people who dropped their subscriptions. Their stock price dropped dramatically and in an effort to woo back customers, they decided to split the company in two: one for renting DVDs and the other for streaming them. Neither one of these things has been popular – in fact they’ve gone over like a lead balloon and poor Mr. Hastings must be wondering if he’ll still have a job when he wakes up each day. I don’t feel sorry for him.
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