Netflix stock plummets on buzz about Amazon.com competition
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LOS GATOS, Calf. Shares of mail-order DVD rental company Netflix plunged today amid buzz that Amazon-dot-com is getting into the movie rental business.
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Amazon.com Inc  on Wednesday issued quarterly earnings and full-year sales forecasts ahead of Wall Street targets, but profit margins declined in what one analyst called a disappointment.
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Online DVD rental company Netflix Inc. on Thursday cut its subscription price and said it was changing its strategy to sacrifice profits for growth in the face of growing competition, sending its shares plunging to their lowest level in almost a year-and-a-half.
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Netflix chief executive Reed Hastings said on Friday that Blockbuster has more to lose in the war for online DVD renters than emerging foe Amazon.
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Blockbuster Inc. introduced a new Internet-only DVD rental service on Tuesday priced below a similar Netflix Inc. plan, sending shares of Netflix down almost 8 percent as the online movie rental war heated up again.
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U.S. stocks opened lower  on Thursday,  weighed by weaker-than-expected earnings from online retailer  Amazon.com Inc. AMZN.O and a government report showing U.S.  productivity growth slowed in the fourth quarter.
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Shares of Netflix Inc. (NFLX) plunged 40.2 percent before the bell Friday, the morning after the online DVD rental company said it would charge a lower subscription fee as of Nov. 1. On
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Amazon.com Inc. AMZN.O fell  more than 14 percent on Thursday after the online retailer's  earnings missed Wall Street targets and sparked fears its bid  to lure more customers would erode profits even more.
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Amazon.com Inc posted a decline in  profit margins on Wednesday as the impact of its discounting  overshadowed quarterly earnings and a sales forecast that  topped Wall Street targets.
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U.S. technology stocks fell on  Tuesday, pressured by a drop in Internet retailer Amazon.com  Inc. AMZN.O and computer maker Dell Inc. DELL.O following  brokerage downgrades.
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The UK Web site of Amazon.com Inc.  is launching a DVD rental service, the online retailer's first foray into a market pioneered by U.S.- based Netflix. Inc.
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Online retailer Amazon.com  on Tuesday reported operating profit margins that concerned some analysts despite a sharp rise in quarterly earnings, and its shares fell 9 percent.
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How does Netflix feel about the competition?
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It was &quot;Nightmare on on Elm Street&quot; for Netflix yesterday as investors bludgeoned the online movie rental company&#39;s stock.
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Amazon.com Inc.  on Thursday posted quarterly earnings that more than tripled on strong international sales but offered an outlook for 2005 that was below the more bullish analyst forecasts, sending its stock down 8 percent.
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Amazon.com Inc.'s AMZN.O days as a  hot-shot dot-com may be behind it as the Internet retailer's  slowing growth makes its business suspiciously similar to that  of its brick-and-mortar peers.
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Shares in online retailer Amazon plunge 17%  after its fourth-quarter profits fail to impress.