The following video is from Friday's Motley Fool Money roundtable discussion with host Chris Hill and analysts Ron Gross, James Early, and Joe Magyer. In this segment, the guys talk about some major headaches for Netflix (NFLX 0.59%) this week. On Monday, they took major action to defend against a hostile corporate takeover, and now, Amazon (AMZN +1.06%) has announced the launch of their Prime service, which is obviously tailored to bite directly into Netflix's marketshare. The move comes from an incredibly powerful competitor.
Netflix takes action.
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