Netflix Files For IPO
from the when-it-rains,-it-pours-(relatively) dept
Is the dot com IPO market back? First PayPal actually goes public, and then Overstock.com files to go public and now online movie rental company Netflix has filed. Now, I know a bunch of people who love (really love) Netflix, and it seems like a great service – but it’s unclear if they can really make money. They’ve already been raising their subscription fees to a point that will make it difficult to raise them much more – and they still lost nearly $40 million last year. They’ll really need to sign up a lot more customers at $20 a month to cover that gap.