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Netflix Shares Plummet Anew, Down 35 % Over Yesterday’s Close

| October 25, 2011
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Investors have slashed the price of Netflix stock a whopping 35% since yesterday’s announcement that 800,000 customers had abandoned the company last quarter. Shares are down from a high of around 300 in July, when things really started to go kablooey.

Henry Blodget on the Yahoo! Daily Ticker has this to say about the collapse:

“I went through the dot-com collapse. I actually don’t remember a high-flying stock collapsing this quickly.”

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