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Tuesday, October 25, 2011

Netflix Loses 800,000 Subscribers

NEW YORK (CNNMoney) -- For Netflix, the hits keep on coming -- the bad kind.

The latest thwack: Netflix lost 800,000 U.S. subscribers in the quarter that just ended, which was littered with PR nightmares including a price hike and the Qwikster debacle. It was the first time in years that Netflix's U.S. customer base shrank instead of grew.

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