Netflix debuts on NASDAQ

Written by Petteri 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.

<Librarian of Congress rejected CARP's proposed royalty rates >EFF filed its briefs to Californian Supreme Court

Previous Next

2 user comments

124.5.2002 07:16

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.

Comments have been disabled for this article.

Latest news

	VLC hits milestone: over 5 billion downloads (16 Mar 2024 4:31) VLC Media Player, the versatile video-software powerhouse, has achieved a remarkable feat: it has been downloaded over 5 billion times. 1 user comment
	Sideloading apps to Android gets easier, as Google settles its lawsuit (19 Dec 2023 11:09) Google settled its lawsuit in September 2023, and one of the settlement terms was that the way applications are installed on Android from outside the Google Play Store must become simpler. In the future, installing APK files will be easier. 8 user comments
	Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19) Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
	Neato, the robot vacuum company, ends its operations (02 May 2023 3:38) Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028. 5 user comments
	How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25) The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. .... 18 user comments

Reviews

	Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
	Review: Samsung Jet Bot 90 AI+ - a high-end robot vacuum cleaner Samsung's Jet Bot 90 AI+ is a top-class robot vacuum cleaner that can avoid obstacles and empty its own dust container. Here we review the product. 1 user comment
	Samsung Jet Bot 80+ review - excellent robot vacuum cleaner We review Samsung's Jet Bot 80+ robot vacuum cleaner over a period of three months. 1 user comment

Guides

	HOWTO: Install Netflix App on rooted Android device 'This app is no longer compatible with your device. Contact the developers for more info.' If you are getting this message from Google Play when trying to install Netflix, then maybe this little guide can help you.
	HOWTO: Boot Android device into Safe Mode Are you having trouble with your Android device? If you find that your device has become sluggish, is freezing, takes too long to boot or any of a host of other performance concerns, you may want to boot into Safe Mode.
	What happens if you don't update Android? Sometimes it can be tempting to avoid updating to a new Android version. What happens if you decide to delay major updates to the OS?
	Windows 11: Check if TPM is enabled on your computer In this short guide we will look at how you can check the status of Trusted Platform Module (TPM) on your PC ahead of the coming launch of Windows 11.
	What IP rating for dust and water resistance means An IP classification (such as IP68) is given to mobile phones, Bluetooth speakers, and other devices, but what do these classifications mean? 1 user comment

Netflix debuts on NASDAQ

2 user comments

Latest news

Reviews

Guides

News archive

Subscribe

Sections:

Follow us: