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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