Posted on 04/21/2022 5:13:02 PM PDT by MarvinStinson
Netflix shares continued their free fall Wednesday after analysts downgraded the stock following the left-wing streamer’s disastrous first quarter results that showed a loss of 200,000 subscribers and a projected loss of 2 million more in the months ahead.
The stock fell as much as 12 percent in morning trading Wednesday, bringing the stock’s total loss since yesterday’s closing bell to more than 37 percent. Since the start of the year, Netflix shares have plummeted a staggering 63 percent.
Analysts dogpiled on Netflix on Wednesday, saying the stock could hover around its new lows for the unforeseeable future as the streamer’s plans to right the ship may take months to bear results. Among the analysts that downgraded the stock are Wells Fargo, Pivotal Research Group, and JP Morgan.
Other analysts at Goldman Sachs, Cowan, and BMO Capital Markets maintained their ratings on the stock, but drastically cut their target prices.
Netflix has blamed the poor results on a host of factors including password sharing, the Russia-Ukraine conflict, and increased competition in the streaming entertainment field. The company’s outlook is so dire that executives are taking the unprecedented step of launching a free, ad-supported version of its service in a bid to spur revenue and compete with the likes of Pluto TV and IMDb TV.
As usual, Netflix failed to mention the millions of Americans who object to its woke, left-wing content, which includes a slate of programming from Barack and Michelle Obama, who continue to have a production deal with the company.
Even Elon Musk weighed in on Netflix’s results on Wednesday, saying: “The woke mid virus is making Netflix unwatchable.”
(Excerpt) Read more at breitbart.com ...
Netflix’s top executives are among Hollywood’s most active fundraisers for Democrats. Not only have they supported the campaigns of President Joe Biden and Vice President Kamala Harris, they have donated to far-left radicals including Los Angeles County D.A. George Gascon and California Gov. Gavin Newsom.
Interesting!
“ Even Elon Musk weighed in on Netflix’s results on Wednesday, saying: “The woke mid virus is making Netflix unwatchable.”
I guess people are getting tired of the Netflix kiddie porn 🤪
Musk is poking alot of balloons.
It’s fun to watch.
Panic in Los Gatos
How will we buy the new mansion??!
Thats what their pandering to criminals and deviants gets them
Never saw the appeal of Netflix. Had it awhile ago and it was all garbage movies. And then it added the Obamas and stark raving woke. I’m okay with the company going belly up.
Cuties did it for me
Go Woke Go Broke.
CNN+’s fate is a picture of Netflix’s future.
Yep, I canceled our subscription this week. Maybe Musk will buy this next in an upcoming fire sale. Move one afterwards: Fire Obamas, cancel their garbage and all “woke” BS.
Their offerings are too dark in themes. Always mayhem and murder and you get tired of it. That and the price was too high for what I got. I just dumped Netflix three weeks ago.
Jim Lahey
According to your average Netflix show, 75% of the world is gay.
If everything always stayed the same, Sears would be the role model for retailers, and people would still be paying a fine for not rewinding the VHS tapes before returning them to Blockbusters.
From 700 to 211 in five months. Way to go Netflix!
Frank Galvin
Every District Attorney, Chief of Police, Judge and Mayor must be black. In JOE PICKETT set in Wyoming, Black Americans are almost one-third of the cast. They outnumber Native Americans by 3-1. This is insane. Wyoming is less than 1% black.
My son installed it on our Smart TV a year or two ago and I bet I can count on one hand the number of times we’ve watched it.
Competition folks.
Paramount, Starz, and Discovery offer far better content than Netflix. Plus you got the free channels like Tubi and Popcornflix.
Ozark is the only thing they still have that’s worth watching. And the final season of that is out in a week. I think subscriptions have much farther to fall after Ozark ends.
Password-sharing my eye! I have four or five different streaming services. Netflix is the one we watch the least (Amazon video being a close 2nd). After Ozark, it’s gone.
They used to be the only streaming game in town. Truth is, the other services blew past them with available content.
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