Thursday, July 29, 2004

Investors Sue Netflix Over Churn Rate

This sounds to me like a bunch of money-grubbing lawyers trying to exploit Netflix's success on behalf of greedy speculators, but you can read all about it yourself. Investors as a class are suing Netflix for "material misrepresentations to the market which had the effect of artificially inflating the market price." Good grief. You can join the class if you qualify.

6 comments:

  1. this counrty has too many lawyers, and too many people who can't be happy unless they have something to complain about.

    *silence*


    *crickets chirping*


    ....oh..and the lawyers aren't happy unless their clients are unhappy with some happy little non-threatening company or people. because that means that they can sue them and then they are happy.... that is untill another happy little harmless unthreating business or person comes along, and it just repeats itself over again to eternity.

    --Huskadoo! "jacqueline Michelle"

    [B.T.W.] I think i'd have gone insane by now if I hadn't subsrcibed to Netflix been using then since June 2002...maybe a little earlier evan!

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  2. what do you think about walmart trying this 'netflix idea out' i have been a netflix customer for years... recently went to walmart.com and noticed they are offering a netflix-like service now...

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  3. Netflix has to be the best thing since sliced bread. I am a consumate procrastinator and for what I paid in late fees for a month at the local video store pays for months of Netflix. If I could have only come up with that idea...Hooray for the entrepreneurial spirit.

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  4. We love Netflix!! Much better than a cineplex where people behind you are talking, where cell phones ring, and where you can't pause the movie to go to the bathroom.
    There are many lawyers who abhor frivolous lawsuits....I'm married to one. But typically our society is full of people who want to blame someone, anyone, for anything adverse that happens to them.
    Of course, Walmart--as well as Blockbuster, Hollywood Video, and all the others--will imitate Netflix. Imitation is the sincerest form of flattery!

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  5. Netflix is the best!!! I have been able to watch many foreign and classic movies that local movie rental stores never carried. There are no huge late fees. And, I've cut back on buying new dvds; now I only buy my absolute favorites!! Thanks netflix!!

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  6. What we need are more lawyers! No, no, hear me out. One of the problems with the so-called frivolous lawsuit is the fact that defending yourself against a suit can cost so much that you're often inclined not to go to court, but settle instead. With more and more lawyers, attorneys will compete to drive down transaction fees, thus reducing the probability of out-of-court settlements. If you think your case will actually go to court, you're more likely to have second thoughts about pursuing loser cases, thus weeding out the frivolity.

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