Posted on 12/30/2022 5:00:44 PM PST by dynachrome
For 2022, Netflix shares dropped 50.6 percent, the most the stock has declined on an annual basis since 2011. For the first time, the once-invincible company lost subscribers for two consecutive quarters, ushering in a period of painful belt-tightening that has included several hundred layoffs.
Netflix’s decline outpaced the Nasdaq, which was down 33.1 percent for the year.
The left-wing streamer, which continues to have a production deal with Barack and Michelle Obama, is being forced to try new ways to juice revenue. Netflix broke its promise to never have commercials by launching an ad-supported tier in a bid to tap into the advertising market in the face of uncertain subscriber growth.
But the new tier has had an unpromising start. As Breitbart News reported, the plan accounted for just 9 percent of new sign-ups during its first month. In addition, Netflix has had to give back money to advertisers after failing to meet viewership targets.
(Excerpt) Read more at breitbart.com ...
That’s what happens when you pick sides.
Can those folks learn to code, or do they already code? Maybe they can learn to mine.
But the two Royal Grifters still got their 100 million. The Kenyan and Mike as well, I assume.
I cancelled it about 6 mos ago. I don’t miss it either.
Crash and burn, perverted maggots.
i cancelled a few months ago and don’t miss it either ...
How those Barak specials working out? It is basically a 24 hr ad for the DNC.
you’re exactly right ... we cancelled mainly because there wasn’t anything worth watching ... and their “original” stuff was dreck ... (but then again, “original” stuff from amazon is mostly dreck too ... but i’m paying amazon for free shipping anyway, so their prime channel is basically a freebee for me)
“With the Obamas as content advisors, and idiot programs like Harry and Meghan, no wonder they are screwed.”
worse, netflix paid tens of millions for that unwatchable krap ...
Found it...and saved to my favorites to watch. Thank you.
Cancel Netflix
I have it but it has been months since I watched anything worth watching on it. As soon as the extra fees kick in for account sharing, I’ll get rid of it
Cancelled mine a few years ago after I heard that the vile Obamas were part of it. That and Netflix’s sexualization of children and glorification of homosexuality. Don’t miss it a bit.
Watching Britbox this year. The older content is great. Their newer content is poor. Even with the better older actors. But have happily watched many hours of the old films and series. At 6.99 per month.
This is interesting...
Scroll to the second and third bullet points.
Anyone else wondering if the ad tier is a new Netflix laundering money op for Deep State...
I never had it and don’t miss it 😁
Just watched the first episode. It’s very good! Thanks.
The second episode is the only one with a slightly PC twist at the end.
Seems interesting...with the wedding dress falling off the bride (in the preview). I’m looking forward to the back story of the female lawyer boss coming to visit the dad at his restaurant (no spoilers please 😁).
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