More Bad News For Netflix: 800,000 Customers Lost
First there was the price change, which drove away customers. Then there was a botched attempt to split the company in two — DVDs and streaming. Netflix pulled back after a big backlash. Now, Wall Street is digesting the damage. Netflix announced it lost more than 800,000 customers in the most recent quarter. The company did report a nearly 50 percent jump in revenue over last year.