Rebekah Cox

Today in Tech: Why Netflix hiked prices

July 18, 2011: 3:30 AM ET

Fortune's curated selection of the weekend's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you every day.

"I'm just hoping this doesn't end like 2000 again. The desire to make a buck does help fuel innovation, but it can also wipe out people's nesteggs if they get too greedy."
-- MySpace co-founder Tom Anderson (Google+)

* Still wondering why Netflix hiked up their lowest rental plans by 60%? It's because users aren't switching over to the company's streaming service as quickly as analysts (and Netflix itself) had hoped. (That, along with the higher costs attached to the DVD business.) (USA Today)

* This year's Women's World Cup tournament set a new Twitter record -- 7,196 Tweets per second -- higher even than the news of Osama bin Laden's death last May. (TechCrunch) More

Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by VIP.