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Tuesday, March 8, 2011

Netflix Stock Drops After Facebook Movie Streaming Announcement - The Hollywood Reporter

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Excerpt from full article on Hollywood Reporter:

"The movie rental giant's shares dipped 6% on Tuesday as another new competitor joined Amazon.com in the movie-streaming business.

One day after Warner Bros. said it will let Facebook users stream The Dark Knight for $3 over their computers, Netflix stock dropped 6% Tuesday on worries of another rich competitor entering the fray...."

Posted via email from Siobhan O'Flynn's 1001 Tales

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