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 ...
I’m happy that the corrupt hedge-fund tool Bill Ackman lost A LOT of money today!
Absolutely nothing went wrong for the Obamas. They got richer from it.
Ukraine and Russia population cannot continue to pay for food much less NETFLIX.
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.
First time I’ve heard that one.
Looks like going Woke caught up with them. I canceled over two years ago...
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.
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.
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.
I’ve been wondering for a while now if Netflix exists to launder money.
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
You learn something new everyday...
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.
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.
When the ubama family deal was announced, I cancelled the same day.
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).
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...
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.
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.