Netflix Cuts Prices in India and That's Okay
If you're a U.S.-based Netflix (NASDAQ: NFLX) subscriber it's easy to expect prices to only head higher. Monthly rates for the leading premium streaming service have gone up five times over the past eight years.
The rest of the world doesn't always march in the same direction. Netflix is slashing its price in India by as much as 60% on Tuesday. It's a big move, but it isn't a big deal. Heads may be turning -- and the stock opened below $600 for the first time in nearly three months -- but it's not a problematic move for Netflix investors.
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Source Fool.com
