Site update - March 16th 2010

AfterDawn.com has been updated! In addition to renewing the layout of the site we have also speeded up things considerably. The new version has been tested on our Finnish site for several months, and during the testing we have managed to improve the new version even further.

You can now enjoy this new layout at English AfterDawn.com and English Discussion Forums as well! We have also introduced new sections to the site, and re-arranged things a bit.

Close this message

AfterDawn > News > Netflix debuts on NASDAQ - AfterDawn

Netflix debuts on NASDAQ

Written by Petteri "dRD" Pyyny @ 23 May 2002 11:23 User comments (2)

Online DVD rental site, Netflix is one of the few high-profile hi-tech IPOs in this year. Company listed today at NASDAQ after its IPO which brought company a nice pile of cash to operate with, exactly $82.5M.

IPO price was set at $15 a share, but in today's trading stock price was hovering around $17. Company operates one of the most successful new video rental business models -- it offers unlimited DVD rentals for users who subscribe to its service for $19.95 a month. Users choose movies they want from online catalog of over 60,000 movies and after they've selected their movies, discs are sent out using first class mail.

Our new pet project :-)

EFF filed its briefs to Californian Supreme Court

Write a comment

2 user comments

124.5.2002 7:16

gcking

Inactive

If it allowed you say 30 movies a month it wouldn't be a bad deal, but with the slow mail I don't think you would get that many.
If they would let you have say 7 movies
at a time it might work out. That way you could watch a movie a day.

224.5.2002 23:55

johnbmx

Send private message to this user

Senior Member

we had netflix when it first came out..it was great ..we were getting 4 at a time for 20 bucks a month and getting about 12 a month..then we lowered it ourselves to 2 at a time for 10 bucks a month..we were getting about 8 a month..then....they got popular, they raised their prices and they wanted 2 at a time for 15 bucks a month and 3 at a time for 20bucks a month..then...they started not sending them as quick cause alot of people were using them..and we were only getting like 4 or less a month..it was good while it lasted.

john boy

If you do not have an AfterDawn.com account yet, please enter your nickname and email address below. An activation link will be emailed to you.

If you already have an AfterDawn.com account, please login using the next tab.

Nick
Email address

Nick or email address
Password

I want to be notified via email when new comments are posted to this article.
Check this box, if you want to use your signature.

Related news

Other news Netflix to offer movie downloads through set top box

Other news Netflix to test Video-On-Demand service

Other news TiVo and Netflix to offer movie downloads

Latest news

	Video Daily: Use Sprint to upgrade your iPhone or iPad to 4G (20 Mar 2010 23:20) There is not too much to explain that isn't in the video, but Sprint has started a new ad campaign for their 4G Mobile Hotspot, giving iPhone, iPad and other smartphone users the ability to .... 1 user comment
	3000 virus-infected MicroSD cards to be replaced by Vodafone Spain (20 Mar 2010 22:42) Vodafone Spain has confirmed today that they accidently shipped 3000 smartphone handsets with MicroSD cards that were infected by the "Mariposa" malware. Those affected are users who were .... 1 user comment
	iPhone 3GS headed to India via Bharti (20 Mar 2010 21:31) Bharti Airtel, India's largest mobile carrier has announced that it will begin selling the Apple iPhone 3GS in the upcoming months, bringing the popular smartphone to 124 million Indian subscribers. .... 1 user comment
	Victorious, VirnetX sues Microsoft, again (20 Mar 2010 2:49) Just two days after a jury found that Microsoft had violated patents of small company VirnetX and fined the software giant $105.75 million USD, VirnetX has filed suit again, trying to get the .... 2 user comments
	Palm Pre Plus headed to O2? (19 Mar 2010 19:01) Tracy&Matt is reporting today that struggling smartphone maker Palm may be offering the Palm Pre Plus (and the Pixi Plus) via O2 in the UK. They site received a message from a "credible tipster" ....