Investors Give Netflix a Big Thumbs-Down

Following the lead of thousands of angry customers, investors continued to batter Netflix today in the wake of its bungled change in pricing strategy and the controversial separation of its DVD and streaming businesses. On July 13, when the price change was announced, the stock was trading at $298.73. Since then, the stock has bounced down a cliff, closing today at $130.03, a 52-week low.