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.