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Netflix Shares Shrug Off Postal Service Changes

Also, a poll of TheStreet readers named Netflix CEO Reed Hastings the worst CEO in the tech sector for 2011, pointing to the company's decision to embark on a drastic price increase and the indecision shown with a botched announcement to change the name of the DVD-by-mail business, along with the beaten-down share price, as reasons for the dissatisfaction with Hastings.

On Nov. 22, Netflix said in a regulatory filing that it expects to report a net loss for the whole of 2012 as it ramps up spending to support its international expansion, specifically building up its presence in the United Kingdom.

-- Written by Michael Baron in New York.



>To contact the writer of this article, click here: Michael Baron.

>To submit a news tip, send an email to: tips@thestreet.com

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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