10 Dumbest Business Moves
Netflix
It is an American provider of on-demand flat rate, DVD by mail, Internet streaming media in the United States and Internet streaming media in Canada, Latin America, United Kingdom, the Carribean and Ireland as well. Netflix had devoted customers and it was favourite of Wall Street. Suddenly they planned of charging customers $10 per month to watch movies on DVD or online. This was the dumbest move made by them and they landed up losing 800,000 customers and their share price also collapsed.
