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Will Facebook trounce Netflix?

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Warner Bros Pictures DC Comics

(Read caption) Heath Ledger stars as the Joker along with actress Maggie Gyllenhaal as Rachel Dawes in the 2008 movie “The Dark Knight," a Batman sequel. Warner Bros. will stream the movie on its Facebook page to gauge how well streaming videos on the social networking site will work.

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The Street appears to think so. Warner Bros and Facebook are going to offer the streaming video of Batman Returns as a test to see if they can make any money for realz between Heath Ledger's maniacal masterpiece and Zuckerberg's 600 million-strong flock of social seagulls.

This is a no-brainer. Of course it will work. And it will be expanded to tons of titles very quickly. As of this posting, Netflix shares have just broken below $200 and are now down a full 20% from their highs one month ago.

Some observations:

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