Tagged: Reed Hastings

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September 19, 2011: Netflix Qwikster,1995: AT&T Acquired NCR

2011 – Netflix CEO Reed Hastings made one of the biggest blunders of 2011 when he announced not only was the DVD section of Netflix getting a new name, but also that section was up for sale. Qwikster brought a lot of attention rapidly for two reasons – 1. It was close to Amway’s spin-off Quixster, and 2. Qwikster used to be the twitter handle of a pot-smoking Elmo character. Since then, Hastings apologized and the company reeled back the statement. However, it was not before they lost 2/3 of their stock and over 800,000 subscribers. Currently, their stock is...

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believeinkids 0

May 29, 1999: Five Million Domain Names

1999 – Believeinkids.com became the five-millionth domain name in the world. At the time, a domain name cost $70 for the first year, $35 a year thereafter. The domain name was abandoned and is still available to this day. Full Day in Tech History podcast show notes for May 29 Vim 4.0 is released IEEE 1394 officially becomes “Firewire” Podcast: Play in new window | DownloadSubscribe! Apple Podcasts | Android | RSS | More

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May 29, 2002: Netflix Filed IPO

2002– Netflix, the rental movie-by-mail service, initiated their Public offering. They sold 5,500,000 starting at $15 a share. They sold an additional 825,000 the next day. Of course, the Netflix stock has fluctuated over the years, including 2011, when CEO Reed Hastings tried to split their online and DVD rentals, then announced Qwikster – with hopes to sell that side of the company. Of course, he retracted that statement, but not before loosing 2/3 of stock price (was at $291 in 2011, now at $70 / share). Full Day in Tech History podcast show notes for May 29 Vim 4.0 is released believeinkids.com...

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