Netflix subscribers are bracing for a price increase in February as the tech giant looks to bounce back from a difficult start to the new year.
And tech stocks experienced an immense fall-off in January: Netflix itself dropped from $610 at the start of the month to $376 as of Friday. Jan. 21 marked the biggest tumble as the stock fell 21.7% – the largest drop since July 25, 2012 when shares fell 25%. Netflix CEO Reed Hastings."We understand people have more entertainment choices than ever and we’re committed to delivering an even better experience for our members," a Netflix spokesperson told.
The main difference between the three plans comes down to number of simultaneous screens, number of devices with downloads and the quality of video. The basic plan only allows for one screen, with that number doubling for each subsequent level, with premium allowing for four screens.
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