Monday, October 10, 2011

Netflix Stock Rises 7% Early Monday After Company Ditches Qwikster Plan – Hollywood Reporter

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NEW YORK – Shares of Netflix rose in early Monday trading after the company said it would ditch its plan to separate its DVD-by-mail from its streaming service by creating Qwikster.com for DVD rentals.
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As of 9:50am ET, Netflix’s stock was up 6.8% at $ 125.13, giving it a market value of $ 6.57 billion. A few minutes earlier, it was up slightly more than 7 percent. That was up from the stock’s

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