>>From the news --
>>
>>http://www.cnn.com/2011/10/10/tech/web/netflix-qwikster-reaction/index.html?hpt=hp_t1
>>
>>The news from Netflix continues to astound me. This is a company which literally revolutionized an industry. They seemed to do everything right and have a shrewd eye on the future. A perfect example was what founder and CEO Reed Hastings said all along, that they named the company Netflix, not DVDs In The Mail, for a reason. Now that they have driven a stake through the heart of the existing movie rental industry and are making that vision come true they seem to be making nothing but blunders.
>>
>>I really am baffled. Two part question --
>>
>>1. Do you agree they have lost their way?
>>2. If yes, why?
>
>Netflix is bankrupt and is throwing everything against the wall, praying that something sticks.
>They have $1billion+ debt due within a year and have $175mil in assets(with expiration dates) & have cash flow of -$19mil YTD.
>
>The only question is who goes broke first, NFLX or Portugal? (Greece is foregone so I chose the next likely)

I did not know that. Evidently the cliche of the ballyhooed internet startup not making money remains alive.