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Netflix shares crater 23% after company reports it lost subscribers for the first time in more than 10 years
CNBC ^

Posted on 04/19/2022 1:27:31 PM PDT by qwerty1234

Shares of Netflix cratered more than 23% on Tuesday after the company reported a loss of 200,000 subscribers during the first quarter. It’s the first time the streamer has reported a subscriber loss in more than a decade.

The company also said it expects the losses to continue, forecasting a global paid subscriber loss of 2 million for the second quarter.


TOPICS: Business/Economy; Political Humor/Cartoons
KEYWORDS: netflix; netflixstock; thankobama
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To: qwerty1234

You don’t need Netflix if you have Prime. And with Prime you have many benefits including unlimited photo storage.


21 posted on 04/19/2022 1:41:14 PM PDT by libh8er
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To: qwerty1234

Kick the obamas off your board and don’t go woke.

It’s not rocket science.


22 posted on 04/19/2022 1:41:37 PM PDT by AFreeBird
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To: qwerty1234

nflx truly does suck. I don’t tune in at all anymore as there’s nothing but garbage on there.


23 posted on 04/19/2022 1:41:57 PM PDT by spacejunkie2001
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To: qwerty1234

They raised prices. Nuts when the number of competitors are exploding.


24 posted on 04/19/2022 1:41:59 PM PDT by BiglyCommentary
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To: skeeter

” He’d better hope they don’t ask him to take a salary hike,”

I would think he would be very happy with a salary hike?


25 posted on 04/19/2022 1:41:59 PM PDT by TexasGator (UF)
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To: Truthsearcher

I get a free account through t-mobile and I STILL don’t watch it. Not much of a movie fan. I find most boring and it’s hard for me to sit still.


26 posted on 04/19/2022 1:42:18 PM PDT by Mama Shawna
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To: Cobra64

Grab from the suckers and run as fast as you can is the new business credo.


27 posted on 04/19/2022 1:42:50 PM PDT by Getready (Wisdom is more valuable than gold and diamonds, and harder to find.)
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To: Truthsearcher

That’s not going to last much longer. They are cracking down on the “friends and family” nature of Netflix.


28 posted on 04/19/2022 1:42:57 PM PDT by Vermont Lt
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To: Truthsearcher

I don’t do Netflix but know some people who had it for a while, but gave it up. They said they saw what they wanted and it just wasn’t worth it to them.


29 posted on 04/19/2022 1:43:01 PM PDT by Dilbert San Diego
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To: throwthebumsout
I can state that the increased number of poor decisions being made by major Corporations these days are due to the rise of Millennials into the ranks corporate management.

I'm Gen Z, but I simply can't keep up with corporate entertainment offerings. So much is post-modern, woke garbage, its not worth the vast amount of time needed to sift through to find some the rare gems. That alone is full time job.

30 posted on 04/19/2022 1:43:08 PM PDT by PGR88
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To: Gaffer

I tried to use netflix to watch. “The last hangover” since it is a easter movie, but they dont have it anymore.


31 posted on 04/19/2022 1:44:27 PM PDT by algore
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To: qwerty1234

I canceled my Netflix subscription last year after I realized that all I ever watched on Netflix was occasional old episodes of Star Trek (original series). Their original programming is almost entirely unwatchable garbage - I did see a few episodes of Luke Cage and it had some potential, but they promptly canceled it.


32 posted on 04/19/2022 1:44:34 PM PDT by AnotherUnixGeek
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To: qwerty1234

“The company said that the suspension of its service in Russia and the winding-down of all Russian paid memberships resulted in a loss of 700,000 subscribers. Excluding that impact, the company said it would have seen 500,000 net additions during the most recent quarter.”


33 posted on 04/19/2022 1:45:09 PM PDT by JSM_Liberty
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To: RomanSoldier19

I think this is the most likely reason, Netflix is a luxury, feeding your family, heating your home, etc.. are necessities.

I think Netflix will end up being just one of many companies to suffer if inflation keeps spiraling out of control.

People will eliminate luxuries.


34 posted on 04/19/2022 1:45:29 PM PDT by srmanuel (`)
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To: qwerty1234

I do stream stuff, but have not had Netflix for years. Last time I had it I canceled because I simply wasn’t watching anything on it. They didn’t have much in the way of classic movies. Why are people canceling now? Price hikes?


35 posted on 04/19/2022 1:45:36 PM PDT by Sans-Culotte (11/3-11/4/2020 - The USA became a banana republic.)
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To: Fido969

Was that a pun?


36 posted on 04/19/2022 1:45:38 PM PDT by EEGator
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To: Mama Shawna

There are probably about 1,500 movies worth watching anyway. They don’t normally show them on modern services.


37 posted on 04/19/2022 1:46:17 PM PDT by Getready (Wisdom is more valuable than gold and diamonds, and harder to find.)
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To: qwerty1234

Every company that has identified as “woke” over the past few years is going to experience this. Americans have had it with corporate virtue-signaling.


38 posted on 04/19/2022 1:47:26 PM PDT by JennysCool ("It's easier to fool people than to convince them that they have been fooled." - Mark Twain)
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To: qwerty1234

Note to the House of Windsor: Incoming!!!!


39 posted on 04/19/2022 1:47:43 PM 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: Getready

Very true. 👍


40 posted on 04/19/2022 1:49:51 PM PDT by Cobra64 (Common sense isn’t common anymore.)
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