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Articles tagged with: online streaming

Netflix Sued By National Association Of The Deaf

Netflix has been sued by the National Association of the Deaf for failing to offer closed-captioning on “enough” of its streaming content. In a lawsuit that was filed last Thursday, the NAD claims that Netflix is in violation of the Americans with Disabilities Act by not providing captions for most of its “Watch Instantly” streamed movies and TV shows.

The NAD claims that they are standing up for the 36 million Americans who are deaf or hard of hearing, and that the deaf community has already sent letters, blogs, and petitions urging the site to provide equal access to its content.

Pandora’s IPO Raises Again, To $16

After we had just covered Pandora’s IPO raise from $7-$9 a share to $10-$12 a share, the company has just raised the price to $16 per share (nearly double of its original offering). According to Chris Nerney from IT World, this is an old Wall Street trick to raise investor enthusiasm.

Nerney argues that this is a tactic to make Pandora seem like an extremely desirable investment, whether it is or isn’t. This opens Pandora’s box (so to speak) on the first day of trading and will cause investors to pay a high price of about $30 to $40 a share. It is also likely that the stock may dip down to a low $20 in the coming weeks.