Posted on 04/20/2022 8:00:39 PM PDT by millenial4freedom
Economic reality started to return in late 2021, and the results have been brutal for many recent high flyers.
Here is a four year, monthly, candle stick chart for Netflix.
Six months ago, people were paying $700 a share for Netflix. In after hours trading today, people were selling for $222 a share. Brutal!
> locking in a loss of more than $400 million
Meh. You win some, you lose some.
Sorry, that is not correct.
If his stock increases $1.00, he recoups the whole dollar.
If his stock goes down another $1.00, the tax write off is worth a (federal) maximum of 37 cents per $1.00 loss, because he is only paying a maximum of 37% on his other income.
Also, on a short term loss, three months in this case, an individual tax return can only write off $3,000 in taxes per year.
I’ve been streaming since 2010.
And I clearly stated in my post that paid streaming services such as Netflix are on the chopping block in an economy wracked by inflation.
If you are in a position to invest a billion plus in a firm, a scant three months ago, how can you not have seen this report coming?
+1
This is from 5 years ago. Re/read knowing what we know now...
Streaming services are just newfangled cable companies. They charge you for content you don't want in order to get to the content you do want. They're just a different overpriced gatekeeper standing between you and the content you want.
Somebody wants to make money: Rent DVDs/Blurays.
I'm sick of being charged for access to crap I don't want. Which is the vast majority of what's on offer.
I think you have it exactly correct. I am trying to decide if I want to delete Netflix. The recent price increase was in my view the factor to be considered.
Net Flix grew up as a provider of DVD’s through the mail. Some say it killed ....... It then transitioned to streaming video which not only allowed the utilization of all that content but the production of new stuff with the Netflix brand.
Now says, every body and their brother including all the bastard brothers is streaming something. The competition is far beyond the conception just a few years back. To retain customers a price decrease is required
Prime now has IMDB that has a product selection that is unriveled. Acorn and Britbox provide British, Canandian, Australian and even excellednt New Zealand programming at a combined price less than NetFlix
Congrats for canceling. Who knows? Maybe your cord-cut was the butterfly wing flap that set off the tsunami.
That was Netflix before going to streaming, and they were losing money then.
…and their price increase was a dumb move during documented inflation.
And I clearly disagreed with your supposition. Streaming services offer far better value than cable TV. They are increasing in popularity with new services being introduced constantly. Increased competition is putting the hurt on cable companies, satellite TV content providers and also established streaming services which are not adapting to the new circumstances. But this mostly has little to do with inflation.
It is not unlike what happened to DirecTV NOW which we subscribed to the first day that it was made available to the public. Like you we were of course streaming Netflix prior to that time, but not as a cable replacement. DirecTV NOW was a cheaper alternative than cable for us. And their company's valuation increased exponentially as millions of people subscribed. AT&T bought them out for billions but then they started jacking up their prices at the same time competitors started coming online. AT&T lost a fortune. This is a similar situation to Netlix, along with their now crappy woke home grown woke programming (which few people care about these days anyway) they have raised their prices and their content and features have actually gotten worse. They are no longer competitive.
Your situation appears to be the same as it was when you started “streaming” Netflix, using it as a supplement to Cable. And if we look at it that way I see where you are coming from, but that is not really the same situation as people who are cord cutters. We have dumped cable and are getting our content by streaming through what has now become a myriad of providers. I think that you are seeing this through the lens of your own experience and do not really understand the true dynamics of what is currently going on.
For goodness sakes we don't even listen to local stations on our car radio anymore, we stream music through Bluetooth from our phones. Definitely worth the nominal sum we pay for the service. And there is a lot of competition for that market as well. No commercials and no irritating DJs... And it works even up on logging roads. But what is that going to do to local radio stations? Changing times.
And this chart is "pre-pandemic". Streaming video increased even more in popularity when people's entertainment options were severely curtailed. I would expect some pullback as things open up more, but inflation and sticker shock may cause many to stick with the cheapest entertainment option... streaming to their HD TV.
😄
Hope so.
Hope so.
Amazing how few FReepers realize that fact and think it came out of his wallet.
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