Branding...
Posted on 05/05/2022 6:31:42 AM PDT by shadowlands1960
As its stock tanks and its subscribers continue to flee, Netflix is now facing a shareholder lawsuit accusing the left-wing streamer of misleading investors about the difficulties the company was experiencing in retaining customers.
The lawsuit, which was filed Tuesday in a northern California federal court, covers Netflix shareholders who bought the stock between October 19, 2021 and April 19, 2022 — a period during which the value of the stock plummeted a stunning 67 percent.
“As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s securities, Plaintiff and other Class members have suffered significant losses and damages,” the court filing states.
The suit, which is being brought by a trustee of an entity called the Imperium Irrevocable Trust, cited public statements made by Netflix during its most recent third and fourth quarter earnings reports in which the company painted an optimistic picture of subscriber growth.
(Excerpt) Read more at breitbart.com ...
Never had a Netflix subscription. Never will.
I had a ‘7 movie out’ subscription back when they were a DVD rental service. I dropped the subscription when they signed the Obama’s...
Tech companies especially are hit with these class action lawsuits all the time. Usually doesn’t mean much. Nevertheless, couldn’t happen to a better target.
Doesn’t Netflix have a series about a pregnant man or something..
Fake subscriber numbers. Looking at you next Facebook...
Netflix and Lyft. Both circling the drain. Both run by political woke board members out of politics.
WOKE executives took a successful business model and in typical fashion have run it into the ground. One can only marvel at their remarkable stupidity.👀
“Skin that smoke wagon!”
Seriously...I’m waiting fur Musk to harpoon Twitter over their fake numbers.
Speaking of stupidity, there’s now talk that Netflix is thinking about adding commercials within the movies/programs they have.
Which will kill off another huge section of their dwindling subscribers.
Although tempted at times, I have managed not to subscribe to Netflix. Besides the Obamas, they hired Meghan and Harry Markle, another couple I don’t care for.
Elon Musk should add it to his shopping list
I realize I am fairly new to Netflix (< a year), but I LOVE NETFLIX!
I LOVE NETFLIX “original” programming!
Some of the best written, best acted, best storylines, WITHOUT the “Hollywood”, “BIG”, “A” (you know what the “A” stands for) list names.
Since I only like to “binge watch”, NETFLIX, Prime Video, PHILO, Discovery +, are GREAT for me. HULU not so much. I plan on dropping HULU.
I hope NETFLIX survives this and becomes the better for it.
They need more content from me-again and the halfwit prince.
I have not seen the Kenyan or Michael (”Michelle the Tranny”) on NETFLIX. Not once.
I would remember because I would have HURLED, like I almost did seeing this photo. (just a little bit, in my mouth)
Netflix signaled they wanted to be political, Leftist, and lost subscribers and discouraged new ones. Go woke, go broke.
I said when this came out that if true Netflix was subject to a securities fraud lawsuit under 10(b)(5) for materially misleading information.
Netflix has some great shows - The Last Kingdom alone is fantastic. The problem is that it also has spent a ton of money on woke crap that has forced them to raise their prices, so the good shows are now more expensive to fund the Obamas, Harry and what’s her name, etc.. They should have just stuck to good TV, and left the activism at the door.
You mean Petey-Pie?
That wasn’t a baby, that was a butt gerbil.
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