Qwikster is trending after Netflix announced it is splitting its business into two parts: digital streaming, which will keep the name Netflix, and DVD rental, which will go by the new moniker Qwikster.
In an email to customers, Netflix CEO and co-founder Reed Hastings explained the move and apologized for the recent bungled price hike that drove away hundreds of thousands of subscribers and caused a steep drop in the company's stock price.
Hastings says the name Qwikster refers to "quick delivery" and assures customers the split will benefit them in the long run, but online reactions are so far mixed.
TODAY IN SLATE
The Most Terrifying Thing About Ebola
The disease threatens humanity by preying on humanity.
I Bought the Huge iPhone. I’m Already Thinking of Returning It.
Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.
Students Aren’t Going to College Football Games as Much Anymore
And schools are getting worried.
160 Countries Host Marches to Demand Action on Climate Change
- Protesters Take to the Streets to Sound Alarm on Climate Change in New York, Across the World
- Knife-Carrying White House Jumper is Vet who Feared “Atmosphere Was Collapsing”
- North Korea: American Sentenced to Hard Labor Wanted to Become “Second Snowden”
- Almost One in Four Americans Support Idea of Splitting From the Union