Posts tagged with 'delisting'

Blockbuster on the verge of defeat in battle against Netflix, technology

Once-dominant video rental chain Blockbuster is trying its hardest to prove that it can compete in the 21st century. It is closing down stores, and has been bulking up its on-demand offering.

But it looks like it may be too little, too late. Last Thursday, the New York Stock Exchange announced that the company would be delisted from the exchange after the company failed to win shareholder approval for a measure that would boost the company's stock price above $1, the exchange's minimum. More often than not, a company's delisting is signal of impending demise.