Netflix Bounces Back After Big Summer Loss
After losing nearly 800,000 customers over the summer, Netflix’s numbers have jumped back up as they have regained nearly all of those customers.
As it turns out, Netflix turned out okay after all. They have gained back nearly 50% of the numbers they lost after announcing a rate increase over the summer. According to 24/7 Wall St, while the stock has grown, it’s still down from what it originally was a year ago.
Despite an increase in price, and the loss of several movie distributors Netflix has regained their audience. Most of that is probably because they have really increased what is available on their instant package. They are now offering more television shows including big hits from AMC like The Walking Dead, Mad Men and Breaking Bad. Looks like no matter how much we complained, we just went crawling back.