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Netflix Monkeyhammered 20% Lower On Catastrophic Earnings, Sees Loss Of 2 Million Subs In Q2
NWO REPORT ^ | 4/20/2022 | Nwo Report

Posted on 04/20/2022 7:16:46 AM PDT by Bon of Babble

Recent earnings reports from streaming giant Netflix had been a volatile rollerocaster: the stock tumbled just over one year ago when the company reported a huge miss in both EPS and new subs, which at 2.2 million was tied for the worst quarter in the past five years, while also reporting a worse than expected outlook for the current quarter.

(Excerpt) Read more at nworeport.me ...


TOPICS: News/Current Events
KEYWORDS: netflix; netflixstock
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To: Bon of Babble

I’m happy that the corrupt hedge-fund tool Bill Ackman lost A LOT of money today!


21 posted on 04/20/2022 7:33:02 AM PDT by millenial4freedom (We are literally paying politicians, many of whom weren't dutifully elected, to worsen our lives!)
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To: Bon of Babble
What went wrong with hiring the Obamas?

Absolutely nothing went wrong for the Obamas. They got richer from it.

22 posted on 04/20/2022 7:34:20 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: lgjhn23

Ukraine and Russia population cannot continue to pay for food much less NETFLIX.


23 posted on 04/20/2022 7:35:01 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 democratic )
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To: Bon of Babble

Price point is now too high, pure and simple.

Their price increase has put it at $15 - $20 a month for most folks.. still a $10 a month basic option...

That price is too high, especially now that a lot more free streaming services exist, that offer much of the back catalog stuff that Netflix was able to offer initially.

I’ll be honest, I used to watch a lot of Netflix.. anymore I rarely launch the app.... I find myself watching Tubi far more often, even though its ad based. My fear about Tubi though is that now that I think Fox owns it, the tolerability of ad breaks will lessen... Typical Ad break is like 1 minute to 1 minute and 15 seconds... 4 or 5 short 15 second ads and back to the show... I suspect now that Fox (or whoever it was) bought them out, that their ad breaks will get so long (like broadcast tv) that it will become unwatchable as well.

The price hike for 2022 clearly was the last straw for a lot of subscribers.. if it wasn’t included with my cable, I would have dropped my subscription as well. I would not pay $15 a month for Netflix, I just don’t use it enough to justify anything close to that.

Years ago, yes, they had offerings and I watched it very often, have been a subscriber since they were disk only.. but anymore, I would not even remotely pay $15 a month for it... not while there are good, cheaper, alternatives.

Which, now there are many. The offerings of Netflix have continually declined in number, and quality, but the price keeps going up... inflection point was bound to happen.

With more streaming services competing for existing content, Netflix has lost a lot of back catalogue items that made it worth having... Much of the newly produced things they have have little interest for me, and the few I do enjoy I am not dropping $180 a year to see.


24 posted on 04/20/2022 7:36:11 AM PDT by HamiltonJay
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To: GOP_Party_Animal

First time I’ve heard that one.


25 posted on 04/20/2022 7:38:12 AM PDT by EEGator
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To: Bon of Babble

Looks like going Woke caught up with them. I canceled over two years ago...


26 posted on 04/20/2022 7:41:52 AM PDT by DEPcom (Make the enemy live up to its own book of rules)
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To: TigerClaws

Obam’s were hired because Obama allowed streaming despite the wishes of cable companies.


+1

This is the new model for the swamp in DC and it is why being a “public servant” is so lucrative because there are no ethical boundaries preventing the “hiring” of a former politician or bureaucrat by an entity they acted upon.

It is the perfect corruption and it happens on both sides of the political aisle. Look at the rotating doors between Goldman Sachs, JP Morgan, and other banks/investment houses and the Dept of Treasury/Fed.


27 posted on 04/20/2022 7:42:54 AM PDT by volunbeer (Find the truth and accept it - anything else is delusional)
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To: Bon of Babble
Meanwhile...

Netflix loses THIRD of its value in post-Covid SLUMP: £38BN is wiped off streaming giant as US markets open... as viewers say there's 'nothing to watch, it's too expensive' and they have 'no interest Harry and Meghan's lectures'

28 posted on 04/20/2022 7:44:29 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: Dilbert San Diego

Especially since people binged while working from home and now are either back in the office or able to do other things. Lots of new streaming competition too.


29 posted on 04/20/2022 7:45:04 AM PDT by bigbob
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To: EEGator

It appears to be a street slang term for a man’s johnson doing the nasty. That is the act of well, you know..... screwing.


30 posted on 04/20/2022 7:45:24 AM PDT by john drake (Lucius Accius-Roman,170 BC - "oderint dum metuant" translated "Let them hate so long as they fear")
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To: Tell It Right

I’ve been wondering for a while now if Netflix exists to launder money.


31 posted on 04/20/2022 7:45:31 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: Bon of Babble

WOW!!!!!!!

I did not realize how catastropic the plunge has been. Down almost $500 per share in just over 5 months.

52 Week Range
212.51
04/20/2022

700.99
11/17/2021


32 posted on 04/20/2022 7:45:42 AM PDT by Presbyterian Reporter
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To: john drake

You learn something new everyday...


33 posted on 04/20/2022 7:46:16 AM PDT by EEGator
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To: Bon of Babble

I would cancel my Netflix, but i canceled it months ago with the “Cuties” fiasco. There’s enough stuff on other streaming services I don’t need Netflix and I haven’t missed it.


34 posted on 04/20/2022 7:51:09 AM PDT by Flick Lives (The CDC. Brought to you by Pfizer)
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To: Bon of Babble
Netflix’s problem is that they decided several years ago to prioritize creating their own content over providing a large library of old and new movies from other studios. It quickly became boring, and now it seems that almost everything new that they provide is produced by them, while the library of older films continues to stagnate and even shrink. It certainly hasn’t helped that most of the Netflix-produced movies have been mediocre at best. And it also hasn’t helped that as they were force-feeding their customers their own poor content, they were also raising the price of the service.

This is a classic case of the company focusing first on what they think is best for the company, rather than on what is best for the customer.

35 posted on 04/20/2022 7:57:33 AM PDT by noiseman (The only thing necessary for the triumph of evil is for good men to do nothing.)
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To: Bon of Babble

When the ubama family deal was announced, I cancelled the same day.


36 posted on 04/20/2022 7:59:23 AM PDT by oldplayer
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To: mewzilla
I think a lot of it has to do with desired regulations. In Netflix's case, maybe the Netflix leaders thought giving tons of cash to the Obamas would allow them to have their way with things like "net neutrality" with current and future Dims (see how we're taking care of the Obama's we'll take care of you too).

The same thing with Apple putting Algore onto the board and paying him for his "expertise" (no Dim shakedown against Apple for polluting the world with iphones and their lithium batteries and their throng of followers upgrading each year like the phones are practically disposable).

37 posted on 04/20/2022 8:02:29 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Tell It Right

That theory doesn’t explain the yuge payout to the Harkles, though, does it.

Money laundering works for all.

Now I’m wondering if DeSantis is thinking the same thing...


38 posted on 04/20/2022 8:05:08 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: noiseman

Netflix focused mostly on leftist content with their own productions and nobody wants to watch it.

Look at the “Salute to Abortion” comedy special with Michelle Wolf where she actually said “God bless abortions and God bless America”. Netflix subscribers paid for that.

https://thehill.com/homenews/news/396047-michelle-wolf-salutes-abortions-god-bless-abortions-and-god-bless-america/

This is what passes for Netflix produced content. We cancelled our subscription as soon as we became aware of it and I have no desire to resubscribe.


39 posted on 04/20/2022 8:24:29 AM PDT by volunbeer (Find the truth and accept it - anything else is delusional)
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To: Bon of Babble

40 posted on 04/20/2022 8:27:02 AM PDT by MrBambaLaMamba (The only good commie is one that's dead - Country Joe McDonald)
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