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13
Jul
2012
5:46 mins
Episode: Price hike still haunts Netflix stock 1 year later 
Technology Top Stories from Associated Press (AP) | 31264 Episodes
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SAN FRANCISCO (AP) , Netflix is more popular among couch potatoes than investors a year after its polarizing decision to raise U.S. prices for video subscription services. The unexpected twist that Netflix unveiled a year ago Thursday triggered mass customer cancellations and a sell-off in its stock, which has wiped out more than $11 billion in shareholder wealth.
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