Making Sense of Stock Drops
Motley Fool Money
00:00
Leadership Lessons from Netflix's Quickster Debacle
This chapter delves into Netflix's pivotal moment when it separated its streaming and DVD services, resulting in a drastic drop in stock value after the 'Quickster' rebranding failed to resonate with consumers. It highlights Reed Hastings' leadership during the crisis and contrasts it with companies like Peloton, emphasizing the crucial role of humility and accountability in management.
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