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The Cold, Hard Math Says Netflix Could Crash 70%
Frobes ^ | 8/6/19 | Stephen McBride

Posted on 08/06/2019 11:37:40 AM PDT by GrandJediMasterYoda

The Cold, Hard Math Says Netflix Could Crash 70%

It’s official... it’s 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.

I’ve been “sounding the alarm” on Netflix’s troubled business since last July when its stock was trading above $400.

(Excerpt) Read more at forbes.com ...


TOPICS: Chit/Chat
KEYWORDS: economy; getwokegobroke; netflix; netflixstock; newmexico; stockmarket; techstocks
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Well this is what happens when you embrace Barack and Michael not mention promoting a Fauxcumentary that made the Central park 5 thugs look like innocent little children set up by the evil racist white man. Johnny Carson once said "If you are in entertainment, never take sides in politics because you will lose half your audience no matter what side you pick". The shareholders need to sue the pants off CEO Hastings, on the other hand it baffles me why anyone would invest in a company run by a Hillary bootlicker in the first place.
1 posted on 08/06/2019 11:37:40 AM PDT by GrandJediMasterYoda
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To: GrandJediMasterYoda
Once again the corporate adage has been proven correct:

Get woke, go broke.

2 posted on 08/06/2019 11:38:21 AM PDT by Yo-Yo ( is the /sarc tag really necessary?)
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To: GrandJediMasterYoda

Its what happens when your first mover advantage is gone, but you haven’t figured out how to maintain your value....


3 posted on 08/06/2019 11:39:06 AM PDT by HamiltonJay
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To: GrandJediMasterYoda
This dude is a real d-bag...

Netflix CEO Reed Hastings told Peter Thiel that his support of Trump made Facebook look bad

4 posted on 08/06/2019 11:41:38 AM PDT by GrandJediMasterYoda (As long as Hillary walks free, equal justice under the law will never exist in the USA)
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To: HamiltonJay

propaganda.

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.


5 posted on 08/06/2019 11:43:37 AM PDT by TexasFreeper2009
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To: GrandJediMasterYoda

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.


6 posted on 08/06/2019 11:43:38 AM PDT by ImJustAnotherOkie (All I know is The I read in the papers.)
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To: ImJustAnotherOkie

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


7 posted on 08/06/2019 11:45:21 AM PDT by Jimmy The Snake
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To: GrandJediMasterYoda

What tripe. Did you even read the article you posted?


8 posted on 08/06/2019 11:45:31 AM PDT by sparklite2 (Don't mind me. I'm just a contrarian.)
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To: Jimmy The Snake

Yes, Netflix peaked out several years ago.


9 posted on 08/06/2019 11:46:38 AM PDT by ImJustAnotherOkie (All I know is The I read in the papers.)
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To: GrandJediMasterYoda

Netflix was becoming the HBO of online video services.

Liberal to the core and adding more liberal management and content.


10 posted on 08/06/2019 11:47:29 AM PDT by Mr. K (No consequence of repealing obamacare is worse than obamacare itself.)
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To: TexasFreeper2009

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.


11 posted on 08/06/2019 11:49:50 AM PDT by HamiltonJay
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To: GrandJediMasterYoda

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.


12 posted on 08/06/2019 11:49:54 AM PDT by TomGuy
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To: GrandJediMasterYoda

I cancelled mine this year. Told them because of the deal they gave the Obama’s.


13 posted on 08/06/2019 11:50:00 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: GrandJediMasterYoda

Yes since it was taken over by the Obamas, it has gone downhill.


14 posted on 08/06/2019 11:50:38 AM PDT by KeyLargo
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To: Jimmy The Snake

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.


15 posted on 08/06/2019 11:52:30 AM PDT by HamiltonJay
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To: GrandJediMasterYoda

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.


16 posted on 08/06/2019 11:54:23 AM PDT by Extremely Extreme Extremist (Isn't it funny that the very people who scream "My body, my choice" wants a say in your healthcare?)
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To: GrandJediMasterYoda
I really don't think the Obama thing is moving their value either way. They've lost their monopoly and have no viable plan to deal with it.

The new kids on the block are actually the old kids on the block coming back to reclaim their real estate.

17 posted on 08/06/2019 11:56:42 AM PDT by dead (Liberals ruin everything.)
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To: GrandJediMasterYoda
Canceled our long time subscription last month over Netflix's political tinkering. I wrote and told them. Don't miss it.
18 posted on 08/06/2019 11:56:50 AM PDT by HarleyD
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To: Yo-Yo

Obama - doing for Netflix what he did for the national Democrat party.


19 posted on 08/06/2019 12:00:39 PM PDT by glorgau
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To: GrandJediMasterYoda

That’s pretty much the same with every tech company.


20 posted on 08/06/2019 12:01:10 PM PDT by Brilliant
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