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Netflix Cuts Price as Amazon Moves In |
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October 16, 2004
Netflix pioneered the notion of a monthly subscription fee that allows a subscriber to have two DVDs checked out at any given time. But many business analysts say the jury's out on whether the company can survive a challenge from Amazon.com. Netflix' stock plunged 43 percent from $10.45 to $6.98 after it announced it was slashing its subscription fee. Amazon.com has had no comment on the reports that it's about to plunge into DVD rentals. Report Your Experience
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