The company expected some attrition and took the bitter pill, sure, but this is far worse than most expected. Accordingly, Netflix shares have entered into a freefall, tanking 19 percent (to $169.25) in Thursday trading, and suffering on the Friday floor as well. That is the largest drop since April of 2008.
All this is telling me is that now would be a pretty good time to buy Netflix stock. Where else you going to go? Hulu?