Daily Archives: October 10, 2011

It is a chastened Reed Hastings who has just decided to ditch his disastrous plan to split Netflix into two businesses – Netflix and “Qwikster” – and stick with what his customers liked in the first place.

Mr Hastings is right to back down – if nothing else, his bold experiment with “disruptive innovation” has mainly disrupted his own company. Its shares have not recovered since he raised prices and announced his plan to turn his DVD rental business into Qwikster while keeping the Netflix name for video streaming.

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Tech news from around the web:

Research by Barclays has found that the Amazon’s Kindle E-readers will outsell the full-colour Kindle Fire in 2012, PaidContent reports. Barclays estimates that Amazon will sell 15.3m Kindle Fire tablets and 23.5m Kindle e-readers next year. Read more >>