Netflix's (NASDAQ:NFLX) CEO Reed Hastings may be celebrating the company's strong results lately, but he also recently shared his thoughts on just how close the company came to losing it all. Thanks to a big price hike and ill-fated attempt to split off the DVD business, Hastings said that the company didn't have the resources back then to survive one more big slip-up.
But is Netflix in a similar position today? In the video below, Fool contributor Demitrios Kalogeropoulos argues that the video streamer is in a much stronger place now. And while Netflix hasn't completely earned back the trust of its members, it has recovered from those past mistakes.
Fool contributor Demitrios Kalogeropoulos owns shares of Netflix. The Motley Fool recommends Netflix. The Motley Fool owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.