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.
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