Showing posts with label Netflix CEO Reed Hastings. Show all posts
Showing posts with label Netflix CEO Reed Hastings. Show all posts

Sunday, May 5, 2013

Netflix Looks Back on Its Near-Death Spiral; New York Times, 4/26/13

James B. Stewart, New York Times; Netflix Looks Back on Its Near-Death Spiral: "In the annals of corporate missteps, there are few parallels to such a rebound from what once looked like a death spiral, especially in the momentum-driven world of technology. Zynga, the online game maker, and Groupon, the Internet coupon company, are struggling with brutal competition. In an old-economy industry like retail, J. C. Penney was in the midst of a similarly bold attempt to reposition the company when it fired its chief executive, and is now fighting to survive. How did Netflix simultaneously manage both a fundamental transformation of the company and a public relations disaster?"