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Re:Netflix loses 800,000 subscribers (stock drops 28%) by singer on Monday October 24, 2011 @05:22PM (#3151658)
If they are like me, they didn't use Netflix much and it just became an unnecessary expense. For those who use Netflix on a daily basis, I think the new price is still fair.
Re:Netflix loses 800,000 subscribers (stock drops 28%) by baddox on Monday October 24, 2011 @05:41PM (#3151745)
I'm guessing that's most of it: people with disposable income that were paying but not using, simply because they never bothered to cancel. All the news about the price hikes brought the small monthly expense to the attention of these people, and even though most could afford the higher price, it was just the nudge they needed to cancel a service they rarely use.