Netflix attempts “Qwik” fix and Zuck slaps around Google Plus

Netflix splits online streaming and DVD rental services

  After suddenly jacking their prices to the outrage of many users, Reed Hastings, CEO of Netflix, took time to apologize to their fan base and announce more company changes. Over the summer, Netflix announced that they would be nearly doubling the price for customers who were utilizing both the online streaming and DVD rental services (from $9.99/month to $15.98/month). Now, the DVD rental portion of the company will be called Qwikster and the services will live on a different website (Qwikster.com).

  Essentially the company is dividing in two. DVDs will be delivered in red envelopes that are branded for Qwikster and users who are signed up for both services will be charged separately ($7.99 for each Netflix and Qwikster). Meanwhile, online streaming will remain under the Netflix name. While some are unsure about the future of the streaming service after Starz decided not to renew their contract, their partnership with Facebook will likely provide new opportunities for online users.

Newsworthy Tidbits:

  Facebook announced some major changes at their annual f8 developer conference including a redesigned profile to incorporate a timeline of past events and memories.

  The stock for Canadian Blackberry manufacturer RIM dropped lower than it has been in five years.

  This week Google Plus finally opened to the public after 3 months of beta and restricted membership. In addition, Klout added G+ to its’ list of influential social sites.

  Google also added a new social layer to their advertising by allowing users to +1 ads.

  Pandora finally rolled out their new look to all of their users with a bonus feature removing the 40 hour cap on streaming. Paid users still have the added benefit of no advertising.

  Meg Whitman was named the new President and CEO of HP.

Be on the lookout:

  Google Wallets was introduced to Sprint Nexus 4G phones. The app allows users to store their payment information and pay using their smartphone instead.