Quikster

A few weeks ago Netflix announced they were upping prices and splitting into two separate entities. they lost about a million subscribers and received unholy amounts of customer backlash. Now they're doing an about-face and killing the 'Qwikster' project  before it begins.

In the wake of unpopular rate increases that caused customers to cancel subscriptions in droves and resulted in the company stock nosediving, Netflix CEO Reed Hastings apologized in a blog post on Sunday. “I messed up,” he said. “I owe everyone an explanation … In hindsight, I slid into arrogance based upon past success.”