Yesterday was a pretty busy day for Netflix. On one hand, the company’s stock price reached a record high, surging to $172.69 per share. That’s good, as it makes the stock three times more valuable than it was last year. However, yesterday is also a day in which Netflix’s streaming service suffered a catastrophic outage just a day after Netflix CEO Reed Hastings predicted that Netflix customers will soon be watching more hours via streaming than they do via Netflix’s physical media offerings. Talk about egg on your face!
Here’s the thing, I’m a Netflix customer, and I cannot complain about the streaming service having a temporary outage, because normally it’s always there and always running. Even yesterday, the day when the service was offline for hours, it was back up by the time I got onto it to browse the streaming offerings. Given how much they’ve added, and how stable it normally is, and how many people use it (Netflix streaming is now the largest source of US Internet traffic during prime time hours), it’s a miracle that it performs so well. Streaming video is the future.
Tags: Netflix, Reed Hastings, Netflix website down, Netflix Watch Instantly down, Netflix outage, Netflix records record stock price, Netflix streaming video down, Netflix problems, technical problems, unusual events, Netflix techincal problems