Netflix: Reed Hastings didn’t let “messing up” slow him down

Posted By on July 13, 2015

Back in mid-2011, Netflix  management frustrated their users by splitting their DVD and streaming services. They upped subscriber subscriptions by 60% Netflixpostfrom150919in some cases and created a flurry of cancelations. The CEO, Reed Hastings, came out publically and admitted he “messed up.” He was of course responding to both angry users and the shareholder who were feeling the pain from the plummeting stock price that followed.

I took the opportunity to buy some NFLX stock when it was below $100 but unfortunately sold it as soon as it inched back up 10%. Boy did I miss this run …


Netflix (NFLX) stock in up 5% today rocketing past the $700/share mark and rewarding shareholders with incredible returns not only for 2015 so far, but since a below $100 low in 2012.


Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.