Netflix shares drop nearly 160 points in the last two months

netflix stock reacts to qwickster and price increaseNetflix has released two big bombshell announcements in the last two months. First they informed users that there will be a price increase for the same exact service they were already receiving, and most recently they announced that Netflix will be splitting into two companies. Now that Netflix and Qwickster are official Wall Street was given a chance to react to the news, and it’s not pretty.

Seconds after Tuesday’s opening bell Netflix’ stock hit a 52 week low to just under $140 per share, with a valuation of $7.46 billion. To put the $140 value into perspective we don’t have to travel too far back in our time machine. On July 13 Netflix was at its all-time high price of just under $300, which was one day after they announced the price increase. In the two months that have followed the price and been cut in half, and who knows what tomorrow will bring.

With customers leaving, and looking for other options the future looks bleak for Netflix and Qwickster. Netflix most likely isn’t going anywhere anytime soon seeing as 75 percent of new customers opt for a streaming only plan and those users are unaffected by this most recent news.  Netflix even pointed out that Qwickster won’t be around forever, as DVD rentals will eventually decline over time.

Even if Netflix knew it would take some heat for its decisions in the last two months there is no way it could have expected stock prices to slip this much. As outlined in the company’s announcement this decision was made for the future of the company, but it still has many people asking what happens now.

Music

How much is Spotify Premium, and how can you get it at a discount?

Having access to millions of songs comes at a price -- albeit, a pretty small one. Before you figure out how much is Spotify Premium going to cost you, you will want to see if you qualify for a discounted (or even free) subscription.
Home Theater

Put your home theater to the test with these spectacular Blu-ray releases

What's the point of having all of that awesome home theater gear if you can't breed a little jealousy in your friends and family? We've put together this list of fantastic Blu-rays that have the goods to drop a few jaws.
Computing

Nvidia is slowly rolling out its next generation of GPUs. Here's what you need to know about them

Nvidia's new RTX 2000 series graphics cards are impressive pieces of hardware, with some amazing advancements and some rather high price tags to match. Here's everything you need to know about Nvidia's new top-tier cards.
Computing

Afraid that Bitcoin could be a bubble? Here's how to sell what you've got

If you're investing in cryptocurrencies, it's important to have your exit strategy in place if prices start to crash. If you've decided it's time to get out or just want to learn how to sell Bitcoins, here's how to get started.
Home Theater

MicroLED vs. OLED: Two hot TV technologies battle for your dollars

Samsung claims its new MicroLED TV tech offers all the benefits of OLED without the drawbacks. Join Digital Trends to take a close look to see if MicroLED TV lives up to the hype, and where it could go in the future.
Home Theater

How to buy speakers: A beginner’s guide to home audio

From the difference between bookshelf speakers and monitors to the proper way to audition, our ultimate speaker buying guide has all the information you need to create your own home audio nirvana.
Home Theater

Make better buds! 7 ways true wireless in-ear headphones need to improve

After years testing virtually every set of true wireless in-ears on the market, here are our most consistent gripes, and exactly what we hope to see from the next generation of wireless earbuds.
Home Theater

Facebook might be planning a streaming box for your TV that watches you back

Facebook is reportedly working on a piece of streaming media hardware for your living room with a built-in camera for video calls, something people may not want given the company's recent controversies.
Home Theater

From game consoles to 4K UHD spinners, these are the best Blu-ray players

Streaming may be popular, but the disc isn't dead yet! To get the very best picture and sound quality from your system, you need to be watching Blu-ray or 4K Ultra HD Blu-ray discs. Here are the best Blu-ray players you can buy right now.
Home Theater

What’s new on Hulu and what’s leaving in November 2018

Our complete list of what's new on Hulu for November 2018, our personal favorites, and which titles will be removed will help you catch up on all the site has to offer -- and ensure you don't miss any titles heading into the streaming…
Home Theater

What is Hulu with Live TV? Here’s everything you need to know

Hulu with Live TV is a different take on a live TV streaming service, directly integrating live TV into the Hulu app you already know and perhaps love. We've put together a guide with everything you need to know about the service.
Home Theater

How to make your TV squeaky clean for not much green

Not sure how to clean the LCD, OLED, or plasma display that's the cornerstone of your living room? You don't need to buy expensive cleaning solutions to clean your TV -- we'll teach you how to do it with simple household items.
Home Theater

Spotify Premium cribs from Pandora with new Endless Artist Radio feature

As Pandora continues to catch up to Spotify in terms of the features it offers, Spotify is returning the favor, adding Endless Artist Radio for Premium subscribers as well as other features such as newly streamlined navigation.
Movies & TV

‘Orange is the New Black’ will end with season 7, Netflix says

Netflix has confirmed that its award-winning series Orange is the New Black will end its run with the upcoming season 7, bringing the show to an end with a final season premiering in 2019.