Skip to comments.The Cold, Hard Math Says Netflix Could Crash 70%
Posted on 08/06/2019 11:37:40 AM PDT by GrandJediMasterYoda
The Cold, Hard Math Says Netflix Could Crash 70%
Its official... its the beginning of the end for Netflix (NFLX).
As you may have heard, the online video company made a troubling announcement...
This quarter, for the first time ever, it lost American subscribers. Hundreds of thousands of them.
The stock plunged more than 11% on the news.
Ive been sounding the alarm on Netflixs troubled business since last July when its stock was trading above $400.
(Excerpt) Read more at forbes.com ...
Get woke, go broke.
Its what happens when your first mover advantage is gone, but you haven’t figured out how to maintain your value....
Netflix made more money than ever, subscribers went down a little because they raised their prices (thus why they made a record profit) This is called supply and demand.
Really, the Obama’s aren’t the problem.
The problem is they are loosing Disney content, and like all other content companies, are doing their own streaming thing.
Netflix will be servered up with nothing to stream.
What gets us about Netflix is we search for a movie, a classic and they don’t have it, just some nonsense we could care less about
What tripe. Did you even read the article you posted?
Yes, Netflix peaked out several years ago.
Netflix was becoming the HBO of online video services.
Liberal to the core and adding more liberal management and content.
I agree the whole left wing content killing them is propaganda, they are losing subscribers because they have lost their first mover advantage, and don’t know how to maintain their value.
Charging more at the same time more and more content is finding other homes for the same or less price, equals less value.
While I dislike much of the left wing nonsense on Netflix, it continues to deliver less and less value because it has less and less on it I want to watch.
Eventually that calculus becomes, not worth the $$.
Lose of their exclusive Disney contract in June, and Disney planning to open their own streaming service much cheaper in a few months, means a lot of folks with smaller kids ran the calculus after the price increase and said, nope... cancel.
The cancellation trend in US is probably going to continue for a while... I would expect NA growth to flatline or contract until they can offer more value.
Its recent price increase, losing big portions of its content catalog, failing of many of its ‘original’ series and movies, mounting competition from several other new major content streaming services, and its liberal slant.
I cancelled mine this year. Told them because of the deal they gave the Obama’s.
Yes since it was taken over by the Obamas, it has gone downhill.
Yes, they are no longer the “ONLY” game in town, so their content is less and less desireable. Their in house productions, are, other than rare exception, slop. The latest rate increase caused a lot of people to simply say, not worth it... and I expect that calculus to continue for the foreseeable future.
NA Netflix subscription numbers will be flat or declining for the foreseeable future IMHO.
Folks, being woke or getting in bed with the Obamas had very little to do with this.
Disney and other media companies are starting their own streaming services. Plus Netflix is spending way too much on original content.
This is just the market working its magic.
The new kids on the block are actually the old kids on the block coming back to reclaim their real estate.
Obama - doing for Netflix what he did for the national Democrat party.
Thats pretty much the same with every tech company.
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