Is Netflix the next tech supercompany? (Redeye)
In the era of tech supercompanies like Google, Facebook Inc (NASDAQ:FB) and Apple Inc. (NASDAQ:AAPL), can we get a little more slobbering media love for Netflix, Inc. (NASDAQ:NFLX)? Normally, I don’t cover the “tech/startup/entrepreneur/Steve Jobs hagiography” beat, but lately I’ve been just crushing Netflix. It made me realize, “Whoa. Netflix might be my best friend.”
Netflix, $300, and Is It Really Different This Time? (The Motley Fool)
It was just over two years ago that shares of Netflix (NASDAQ: NFLX ) were first at the $300 price level. What followed is the stuff of economics classroom legend: A series of missteps including a big price increase, and an overly aggressive push by CEO Reed Hastings to move beyond DVDs and divide the company into separate groups via Qwikster, led to a massive customer revolt and a net loss in subscribers from one quarter to the next. By the end of the year, shares were down more than 75%, and investor faith in Hastings and the company’s ability to grow were near all-time lows.
iStoryTime Debuts A “Netflix For Ebooks” For Kids (Tech Crunch)
If a startup called Oyster is the Netflix, Inc. (NASDAQ:NFLX) for e-books, then iStoryTime is the children’s alternative. One of the oldest players in the kids’ interactive e-books app market is zuuka (aka iStoryTime), a company founded in 2009 and backed by $2 million in Series A funding. The company has been steadily growing its collection of digital, interactive e-books and apps, now reaching some 200 different applications across all the major mobile app stores and digital book marketplaces. Recently, it made a move to consolidate access to its collection of stories in a flagship application where parents can buy books a la carte, or, as of this month’s version 2.0 update, choose to engage with advertisers to earn book credits, or even subscribe to the entire collection.
Former Netflix CFO joins NatureBox board (Business Journal)
Former Netflix, Inc. (NASDAQ:NFLX) CFO Barry McCarthy and Keith Belling, co-founder and CEO of snack food brand Popchips have joined the board of the 2-year-old healthy snack company NatureBox, All Things Digital reported. The San Carlos-based company said it is “pioneering” a model that involves delivering its products directly to customers’ doors every month.
Netflix’s ‘long term view’ sees it competing with nearly everything that requires your attention (The Verge)
When Netflix, Inc. (NASDAQ:NFLX) got its start more than a decade ago, it built its business on shipping DVDs through the mail and its primary rival was Blockbuster Video. Last year, Netflix declared in it’s “long term view” statement, written up for investors, that its main competition was video-streaming service Hulu, and later HBO. On Monday, Netflix publicly changed its perspective once again: now its rivals include not just traditional TV networks (which Netflix refers to as “linear TV”) and other streaming services, but nearly anything that requires your attention.