News Radio 710 KEEL » price increase http://710keel.com Depend On It! Mon, 20 May 2013 21:14:57 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Netflix CEO Apologizes for Rate Increase, Announces Company Will Split Into Two Divisions http://710keel.com/netflix-ceo-apologizes/ http://710keel.com/netflix-ceo-apologizes/#comments Mon, 19 Sep 2011 18:10:51 +0000 Shauna Wright http://tsminteractive.com/?p=47531 In the wake of unpopular rate increases that caused customers to cancel subscriptions in droves and resulted in the company stock nosediving, Netflix CEO Reed Hastings apologized in a blog post on Sunday.

“I messed up,” he said. “I owe everyone an explanation … In hindsight, I slid into arrogance based upon past success.”

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