I thought hiring the Obamas was going to boost subscribers and uplift content.
What went wrong?
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 thought hiring the Obamas was going to boost subscribers and uplift content.
What went wrong?
Sir, more streaming services are coming out and some say they have better movies and shows.
Well damn it Johnson, let’s keep our shit content and raise prices...
“..I thought hiring the Obamas was going to boost subscribers and uplift content. What went wrong?...”
Woke Twitter reality and real world reality are NOT the same.
They think the world revolves around them....it doesn’t.
Well, what do they expect from hiring the Obamas?
I don’t have Netflix, but know some people who got rid of it.
They said they watched for a while, but they got to a point where they had seen everything they wanted to see, and decided it wasn’t worth the money. Without any compelling new programming to watch, they just decided they had enough of it.
I remember seeing on another service the category “Not on Netflix.”
Guessing they’re still getting their pay chex. Also, obxxx is “starring” in some nature series. Kinda defeats the purpose of looking at how pretty nature can be. Even if it’s voice overs.
Why are people cancelling? Is it just market competition, or has there been an anti-Netflix campaign? Evidently “password sharing” is a problem, but that has always been true. And of course giving millions to the lazy, grifting Obamas was nothing but a political fashion statement.
Obam’s were hired because Obama allowed streaming despite the wishes of cable companies. It wasn’t clear what the law was. Obama approved it to set up his pay off, er, producer gig later.
Loss of 2 million???
That figure has an extra zero from the article on their share price collapse I read on Monday.
Well-deserved and long overdue.
Now awaiting results on DIS...
Paying for Netflix is like paying for poison.
My subscription is part of my T-Mobile plan, so I hardly pay anything for it. I think it’s $1.50 per month. But I just got a notice saying that the price is going up again, which means I might have to pay about $3.00 per month. I’ll probably keep it, but I wouldn’t be surprised if this latest price increase brings another round of cancellations.
netflix was down 29% when I left the ticker running on the TV about a half hour ago and down 36% as of this minute
Maybe Musk will buy this next?
From Investopedia...
What Is Hammering?
Hammering is rapid and concentrated selling of stock shares in the wake of an unexpected event that is perceived as extremely damaging to the company’s short-term performance. The effect of hammering is a steep drop in the price of the stock.
I guess monkeyhammering is even worse...?
Typical affirmative action hires—bring them on board, and then try to stay out of the way of the falling knife.
Monkeyhammered?
Looks like Barak is doing to Netflix what he is doing to America.
I’d be surprised if many new subscribers over the last 2 years weren’t COVID subscribers, little else for them to do. Now things are getting back to normalcy, they might be examining their cash flow, considering inflation, and determine Netflix to not be worth it for the number of times they watch it.
Predictable?
Well damn it Johnson, let’s keep our shit content and raise prices...
~~~
In the cycle of most corporations when showing the signs of the down side of the curve. If you can’t increase your margins by raising prices in a competitive market, you cut quality. Usually it’s both, and without any introspection and evolution, it precedes a more precipitous fall.
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