Netflix (Nasdaq: NFLX) took a wallop on Wall Street over its second quarter financial performance and perceptions about how its price hikes will affect growth, but the company continues to innovate.
During its earnings report, it announced that it will soon offer in-network integration with Facebook to its customers in Latin America and Canada. The cool feature will not be available in the U.S. due to a privacy protection policy here that began life more than 20 years ago when a newspaper published the video rental records of Supreme Court nominee Robert Bork. Congress may amend that policy, however, so U.S. customers may not need to wait too long.
Netflix appears to be surfing the wave of controversy created by its price hikes and moving on to stay ahead of the pack, a notion that will disappoint a cable TV industry that was hoping consumer revolt over price changes would stop the juggernaut in its path.
- check out this CNET blog post
Netflix's price hike has generated a lot of noise
Netflix may beat cable TV in Latin America