In 24 Hours, Netflix Could Lose Almost 25% Of Its Subscribers
It was Netflix’s most embarrassing day ever.
Back in 1998, Netflix was still mailing out DVDs in little paper sleeves. A thousand or so customers requested a DVD of President Bill Clinton’s famous Monica Lewinsky testimony.
They expected to see the president confessing to an affair. But there was a terrible mix-up… and Netflix accidentally sent them Chinese hardcore pornography movies. Whoops.
Netflix (NFLX) has come a long way since then. It introduced its video streaming service in 2007… and soon became one of the largest entertainment companies on earth.