Monday, October 10, 2011

Netflix abandons plans to spin off ‘Qwikster’ DVD business

Netflix on Monday announced that it will abandon its plan to spin off the company’s DVD rentals-by-mail service. Netflix's CEO posted this on his blog "This means no change: one website, one account, one password… in other words, no Qwikster."

Do you think this move will save the company from losing any additional market share? They have already lost about 30% market share since they announced the spin off last month


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