I still put "Max" as the second worst (after "X").
HBO's was bad, but it's just the fourth place streaming service in its primary market, so the scale is pretty minor comparatively.
Besides the goofy name, people thought the move was premature. Netflix wanted to go all-in on streaming. The catalogue was a lot more limited back then, though, and the DVDs helped bridge the gap since a lot of movies and TV shows that were unavailable for streaming were available by DVD instead.