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Netflix stock plummets due to losing more subscribers
invite response
2022 Apr 20, 6:32am 6,418 views 53 comments
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2
PeopleUnited
2022 Apr 20, 7:15am
PeopleUnited
2022 Apr 20, 7:15am
Could it be people realized that pretty much everything on Netflix is a waste of time and not worth paying for?
4
Goran_K
2022 Apr 20, 7:38am
Goran_K
2022 Apr 20, 7:38am
PeopleUnited says
No one wants to see shows about pregnant men, or Disney jack off material. They should have just stuck to releasing 80s movies like Top Gun, or Another 48 Hours and they would have been gold. Instead they are butt fucking their stock owners with their joke woke material.
Could it be people realized that pretty much everything on Netflix is a waste of time and not worth paying for?
No one wants to see shows about pregnant men, or Disney jack off material. They should have just stuck to releasing 80s movies like Top Gun, or Another 48 Hours and they would have been gold. Instead they are butt fucking their stock owners with their joke woke material.
5
fdhfoiehfeoi
2022 Apr 20, 8:02am
fdhfoiehfeoi
2022 Apr 20, 8:02am
Bullshit on the first drop in a decade. The child sex shit they released about a year or so ago caused a huge subscriber loss, whether they were honest about it or not.
@Patrick, had to edit this post several times. Are you aware the single word that equals child sex is being translated to Disney?
@Patrick, had to edit this post several times. Are you aware the single word that equals child sex is being translated to Disney?
6
Goran_K
2022 Apr 20, 8:09am
Goran_K
2022 Apr 20, 8:09am
NuttBoxer says
He is. I find it hilarious.
@Patrick, had to edit this post several times. Are you aware the single word that equals child sex is being translated to Disney?
He is. I find it hilarious.
7
Undoctored
2022 Apr 20, 8:34am
Undoctored
2022 Apr 20, 8:34am
Is this just a long term trend reaching a tipping point, or is it a sign of something serious happening suddenly with the subscriber base? Could this be in any way related to that 40% jump in life insurance claims?
9
clambo
2022 Apr 20, 9:02am
1. Overpriced stock bubble
2. Competition
3. Bad content
4. Adult content but market is families (children)
5. “Woke” bullshit unpopular outside of Santa Cruz
6. People feeling broke
7. Novelty factor gone
Did I leave anything out above?
8. ? Reed Hastings and his wife are lame?
2. Competition
3. Bad content
4. Adult content but market is families (children)
5. “Woke” bullshit unpopular outside of Santa Cruz
6. People feeling broke
7. Novelty factor gone
Did I leave anything out above?
8. ? Reed Hastings and his wife are lame?
10
richwicks
2022 Apr 20, 9:07am
richwicks
2022 Apr 20, 9:07am
NuttBoxer says
Yes he is. It was a suggestion that any reference to p-e-d-o-p-h-i-l-a just be translated to "disney" - because that's what Disney is.
https://www.patrick.net/post/1277846?560#comment-1835301
If you use the word p-e-d-o-p-h-i-l-a on major sites, your post is deleted. There is a definite push to normalized disneys now but censoring disney will destroy Disney. That's the joke. People have started to use this term because it's very difficult to censor, but it's a new term:
https://www.urbandictionary.com/define.php?term=Disney
If the D wants to promote it, they can fucking own it.
@Patrick, had to edit this post several times. Are you aware the single word that equals child sex is being translated to Disney?
Yes he is. It was a suggestion that any reference to p-e-d-o-p-h-i-l-a just be translated to "disney" - because that's what Disney is.
https://www.patrick.net/post/1277846?560#comment-1835301
If you use the word p-e-d-o-p-h-i-l-a on major sites, your post is deleted. There is a definite push to normalized disneys now but censoring disney will destroy Disney. That's the joke. People have started to use this term because it's very difficult to censor, but it's a new term:
https://www.urbandictionary.com/define.php?term=Disney
If the D wants to promote it, they can fucking own it.
11
Patrick
2022 Apr 20, 9:34am
Patrick
2022 Apr 20, 9:34am
I know it's surprising if you're not expecting it. I could always change the site back so it doesn't do that.
12
KgK one
2022 Apr 20, 9:40am
Netflix = women running shit, all the gay ppl and black women helping her. And everyone wants to fuck other race, specially black men Craving white women n treating them nice ( real life making them baby moms n dash) lol. Lot of feelings.
Asian men, don't exist. White men are bad guys.
Most movies have stories created to support above
Asian men, don't exist. White men are bad guys.
Most movies have stories created to support above
16
Ceffer
2022 Apr 20, 10:39am
Ceffer
2022 Apr 20, 10:39am
Just watched a British Netlix show my wife wanted to see about a female British prosecutor trying an up and coming MP for 'raping' a woman he had an affair with for six months then broke off with. The bippy claimed post ipso 'toss off' that she was raped in an elevator by said MP, even though it looked like she set the whole thing up out of vindictiveness.
It was one of those 'stealth' piles of steaming feminist bullshit. Dockery's character supposedly was pseudo raped years earlier by said MP during Oxford years in a highly improbable scenario, and now, feelzing traumas, prosecutes him after the fact years later through another proxy fake rape. Her character is not only acting unlawfully, illegally, and unethically, she herself is conducting an affair with a married man.
The bizarre feminist coup de gras is the MP's wife eventually becoming a co-conspirator with Dockery to bring down her own husband, who is mainly guilty of old boy loyalty and programmed upper class success. Dockery herself is 'justified' in her bizarre revenge against men, even though she is a wreck herself, and may very well have screwed the guy earlier consensually because she was jealous of her friend.
It has a few of the usual ethnic shoehorned roles, but the story was completely twisted by the insane 'feminist logic' that we now know and love as symptomatic insanity writ large on the background of drama. My own conclusion was it was a great sales job of why women should never be put into positions of high responsibility.
By the way, my wife agreed wholeheartedly and thought it was an abysmal representation of feminist baloney and a sad vitiation of the 'real' serious issue of rape. An average show of 'Law and Order Special Victims' does a better job.
It was one of those 'stealth' piles of steaming feminist bullshit. Dockery's character supposedly was pseudo raped years earlier by said MP during Oxford years in a highly improbable scenario, and now, feelzing traumas, prosecutes him after the fact years later through another proxy fake rape. Her character is not only acting unlawfully, illegally, and unethically, she herself is conducting an affair with a married man.
The bizarre feminist coup de gras is the MP's wife eventually becoming a co-conspirator with Dockery to bring down her own husband, who is mainly guilty of old boy loyalty and programmed upper class success. Dockery herself is 'justified' in her bizarre revenge against men, even though she is a wreck herself, and may very well have screwed the guy earlier consensually because she was jealous of her friend.
It has a few of the usual ethnic shoehorned roles, but the story was completely twisted by the insane 'feminist logic' that we now know and love as symptomatic insanity writ large on the background of drama. My own conclusion was it was a great sales job of why women should never be put into positions of high responsibility.
By the way, my wife agreed wholeheartedly and thought it was an abysmal representation of feminist baloney and a sad vitiation of the 'real' serious issue of rape. An average show of 'Law and Order Special Victims' does a better job.
17
WookieMan
2022 Apr 20, 11:18am
WookieMan
2022 Apr 20, 11:18am
I've been talking with a few people lately about subscriptions. I think with the inflation people are going through their frivolous monthly subscriptions they have. I cut $150/mo roughly just last week. You have to remember that probably 20-30% of Netflix customers don't remember they're even subscribed to it. Especially upper middle class. Content aside, it's a nominal monthly fee.
So a huge chunk of their revenue comes from people that aren't even watching stuff most of the time. That is their bread and butter business wise. Same with most tech/media/entertainment now. The subscription model screws over people that have too much money and don't care and screws over the poor because a DirectTV subscription is too much for them. So they get Netflix and cut the cable.
Again, content aside, it's a good business model. But, with inflation and wages not rising in step, people are checking for little ways to cut. If you have a family and kids activities, you don't need Netflix. Those people are cutting Netflix. People are "cutting" the streaming now. I don't necessarily think it's about the SJW type content. If filling my Armada up for $70 is now $105, I have to cut something. Entertainment and eating out are usually the easiest to cut to cover inflationary items like oil/gas.
Honestly might start seeing price drops on monthly services like that to retain customers. Not all ships will rise in an inflationary market.
So a huge chunk of their revenue comes from people that aren't even watching stuff most of the time. That is their bread and butter business wise. Same with most tech/media/entertainment now. The subscription model screws over people that have too much money and don't care and screws over the poor because a DirectTV subscription is too much for them. So they get Netflix and cut the cable.
Again, content aside, it's a good business model. But, with inflation and wages not rising in step, people are checking for little ways to cut. If you have a family and kids activities, you don't need Netflix. Those people are cutting Netflix. People are "cutting" the streaming now. I don't necessarily think it's about the SJW type content. If filling my Armada up for $70 is now $105, I have to cut something. Entertainment and eating out are usually the easiest to cut to cover inflationary items like oil/gas.
Honestly might start seeing price drops on monthly services like that to retain customers. Not all ships will rise in an inflationary market.
18
Ceffer
2022 Apr 20, 11:29am
Ceffer
2022 Apr 20, 11:29am
I'm tired of waiting for the 'shoehorn' ethnicity drops, the ghetto brat fucking the white cheerleader drop, the feminist drops, the tranny drops, the lesbian drops, the SJW brittle screed drops, the crude and disgusting 'stealth propaganda' drops etc. every time I cringingly watch a new show hoping for the best.
I laughed because one show had a white couple, and I told my wife, 'Watch, they'll have Mexican children'. Sure enough, two Mexican daughters in some kind of genetic shape shifting popped in. The strange phenom of parents having children of mixed or inappropriate ethnicities is another engine of propaganda.
However, a new stealth paradigm has arisen in which some of the screen writers and producers seem to be putting these insane KommieKunt roles into self parody, and find more clever ways to tell stories around them. I guess things evolve and the parasitic entities eventually breed resistant hosts.
I laughed because one show had a white couple, and I told my wife, 'Watch, they'll have Mexican children'. Sure enough, two Mexican daughters in some kind of genetic shape shifting popped in. The strange phenom of parents having children of mixed or inappropriate ethnicities is another engine of propaganda.
However, a new stealth paradigm has arisen in which some of the screen writers and producers seem to be putting these insane KommieKunt roles into self parody, and find more clever ways to tell stories around them. I guess things evolve and the parasitic entities eventually breed resistant hosts.
19
Goran_K
2022 Apr 20, 11:40am
Goran_K
2022 Apr 20, 11:40am
The last Star Wars trilogy pretty much destroyed anything I had for main stream blockbusters. I literally swore off paying money to watch anymore of this woke BS anymore. Admiral Holdo, LOL
20
Shaman
2022 Apr 20, 11:58am
Shaman
2022 Apr 20, 11:58am
Goran_K says
And that rebel mothership (shaped like female reproductive system) getting relentlessly pounded by the Empire… oh wait that part was kind of amusing.
The last Star Wars trilogy pretty much destroyed anything I had for main stream blockbusters. I literally swore off paying money to watch anymore of this woke BS anymore. Admiral Holdo, LOL
And that rebel mothership (shaped like female reproductive system) getting relentlessly pounded by the Empire… oh wait that part was kind of amusing.
21
Hircus
2022 Apr 20, 12:05pm
Hircus
2022 Apr 20, 12:05pm
Undoctored says
Thats a good thought. paedoflix expected growth of 2.5M subs, but ended up losing 200k subs for the quarter, and claim 700k was due to russia, so if we adjust for that, we end up with growth of 0.5M vs expected 2.5M. So a gap of 2M.
I think the us has around 3M deaths per year. That insurance company says 40% increase in, I think, all cause mortality (except covid deaths) of working age people. But I would think most annual deaths come from the older age group, past working age. So their 40% increase is only on a secondary fraction of us deaths, not the typical 3M deatsh per year. If we assume the 40% was for all age groups, then it would be
2.5 * 40% = 1M increase in deaths.
But according to that insurance data, it's probably less than half or a quarter of that due to the difference in age groups etc.
But its part of the loss.
Is this just a long term trend reaching a tipping point, or is it a sign of something serious happening suddenly with the subscriber base? Could this be in any way related to that 40% jump in life insurance claims?
Thats a good thought. paedoflix expected growth of 2.5M subs, but ended up losing 200k subs for the quarter, and claim 700k was due to russia, so if we adjust for that, we end up with growth of 0.5M vs expected 2.5M. So a gap of 2M.
I think the us has around 3M deaths per year. That insurance company says 40% increase in, I think, all cause mortality (except covid deaths) of working age people. But I would think most annual deaths come from the older age group, past working age. So their 40% increase is only on a secondary fraction of us deaths, not the typical 3M deatsh per year. If we assume the 40% was for all age groups, then it would be
2.5 * 40% = 1M increase in deaths.
But according to that insurance data, it's probably less than half or a quarter of that due to the difference in age groups etc.
But its part of the loss.
22
richwicks
2022 Apr 20, 12:20pm
richwicks
2022 Apr 20, 12:20pm
Goran_K says
I used to be a big film buff. When I hit 35, I quite suddenly discovered I couldn't watch them any more. It was similar with video games.
With films, most films are pretty dumb, filled with plot holes, and that always drove me nuts, so I would search out films that didn't do that - Memento is one of them I really used to enjoy, very clever film with only one plot hole - but modern films, take Star Trek from 2009, it's NOTHING BUT plot holes. It's so distracting that the only enjoyment I can get out of it is how fucked up the film is in terms of plot versus all that work that was put into making the score, and doing the special effects. The film made absolutely no sense at all. Seriously, I wonder if the writers are attempting to make completely non logical plot hole filled trashbusters which are now the majority of films.
I think the last film series I enjoyed was Planet of the Apes. I think that was pretty well done and I think it was done better than the original.
I liked District 9 although THAT can be seen as being pretty stupid in many ways, but the race allegory was great. A lot of science fiction USED to take current problems and put them into an entirely different context to allow you to observe the problem from another point of view and District 9 did a great job of that. It's a pity that Neill Blomkamp basically was a one hit wonder director with that. I was once hoping for a sequel, but I used to hope for a sequel to Blade Runner - and I eventually got that.. :(
Better to let a brilliant film stand on its own, and not ruin it with a money grab. Matrix was like that. The first film was brilliant in the allegory IT presented, and the next 2 films just took all that away and the 4th film, it was unwatchable. It's just about impossible to convince somebody "watch the first X of this film series, but STOP after that point, or it will ruin the entire franchise for you" - because they always want to know what was next. Alien is like this, Terminator is like this, Star Trek, Star Wars, Matrix is like this.
The last Star Wars trilogy pretty much destroyed anything I had for main stream blockbusters.
I used to be a big film buff. When I hit 35, I quite suddenly discovered I couldn't watch them any more. It was similar with video games.
With films, most films are pretty dumb, filled with plot holes, and that always drove me nuts, so I would search out films that didn't do that - Memento is one of them I really used to enjoy, very clever film with only one plot hole - but modern films, take Star Trek from 2009, it's NOTHING BUT plot holes. It's so distracting that the only enjoyment I can get out of it is how fucked up the film is in terms of plot versus all that work that was put into making the score, and doing the special effects. The film made absolutely no sense at all. Seriously, I wonder if the writers are attempting to make completely non logical plot hole filled trashbusters which are now the majority of films.
I think the last film series I enjoyed was Planet of the Apes. I think that was pretty well done and I think it was done better than the original.
I liked District 9 although THAT can be seen as being pretty stupid in many ways, but the race allegory was great. A lot of science fiction USED to take current problems and put them into an entirely different context to allow you to observe the problem from another point of view and District 9 did a great job of that. It's a pity that Neill Blomkamp basically was a one hit wonder director with that. I was once hoping for a sequel, but I used to hope for a sequel to Blade Runner - and I eventually got that.. :(
Better to let a brilliant film stand on its own, and not ruin it with a money grab. Matrix was like that. The first film was brilliant in the allegory IT presented, and the next 2 films just took all that away and the 4th film, it was unwatchable. It's just about impossible to convince somebody "watch the first X of this film series, but STOP after that point, or it will ruin the entire franchise for you" - because they always want to know what was next. Alien is like this, Terminator is like this, Star Trek, Star Wars, Matrix is like this.
23
SunnyvaleCA
2022 Apr 20, 12:50pm
It's been a long time since Breaking Bad. Better Call Saul mostly sucked except for the one season closely related to the themes of BB. Without exclusive and worthwhile shows, I don't really see the point of Netflix.
For the amount I watch, I'd rather watch the occasional thing on Amazon Prime for free or to pay a few dollars and watch something I really want to see. Amazon seems to have much more content if you're willing to spend a few dollars per movie.
For the amount I watch, I'd rather watch the occasional thing on Amazon Prime for free or to pay a few dollars and watch something I really want to see. Amazon seems to have much more content if you're willing to spend a few dollars per movie.
24
Goran_K
2022 Apr 20, 1:47pm
Goran_K
2022 Apr 20, 1:47pm
Shaman says
Battle Hardened, Brilliant tactician, Rebel General
Look at this shit. She looks like she could be an anchor on CNBC, or she throws fundraisers for Bernie Sanders. Pink haired, liberal white woman's dream.
And that rebel mothership (shaped like female reproductive system) getting relentlessly pounded by the Empire… oh wait that part was kind of amusing.
Battle Hardened, Brilliant tactician, Rebel General
Look at this shit. She looks like she could be an anchor on CNBC, or she throws fundraisers for Bernie Sanders. Pink haired, liberal white woman's dream.
26
richwicks
2022 Apr 20, 2:27pm
richwicks
2022 Apr 20, 2:27pm
Goran_K says
That kind of annoys me too. Looks like it takes her an hour to take a bubble bath, put on her makeup, do her hair, pick out her outfit (maybe trying on 2 or 3) and then go back to work being a major leader in a war.
Look at this shit. She looks like she could be an anchor on CNBC, or she throws fundraisers for Bernie Sanders. Pink haired, liberal white woman's dream.
That kind of annoys me too. Looks like it takes her an hour to take a bubble bath, put on her makeup, do her hair, pick out her outfit (maybe trying on 2 or 3) and then go back to work being a major leader in a war.
27
AmericanKulak
2022 Apr 20, 2:32pm
AmericanKulak
2022 Apr 20, 2:32pm
I'm tired of faggoty Superheroes.
I prefer Action heroes.
Action heroes get tough or are toughened by rough experience to get revenge/get the bad guy. They're human and have to work to accomplish a goal, an inspiring, manly message.
Superheroes get exposed to Unobtainium or Radiation or Are Born This Way like Lady Gaga, and don't do shit for their super powers, it's a form of infantile omnipotence fantasy.
I prefer Action heroes.
Action heroes get tough or are toughened by rough experience to get revenge/get the bad guy. They're human and have to work to accomplish a goal, an inspiring, manly message.
Superheroes get exposed to Unobtainium or Radiation or Are Born This Way like Lady Gaga, and don't do shit for their super powers, it's a form of infantile omnipotence fantasy.
28
fdhfoiehfeoi
2022 Apr 20, 2:41pm
fdhfoiehfeoi
2022 Apr 20, 2:41pm
Goran_K says
I feel the need to remind everyone of Mon Mothma who appeared as a leader in Return of the Jedi. Although her hair was of natural color.
The last Star Wars trilogy pretty much destroyed anything I had for main stream blockbusters. I literally swore off paying money to watch anymore of this woke BS anymore. Admiral Holdo, LOL
I feel the need to remind everyone of Mon Mothma who appeared as a leader in Return of the Jedi. Although her hair was of natural color.
29
fdhfoiehfeoi
2022 Apr 20, 2:42pm
fdhfoiehfeoi
2022 Apr 20, 2:42pm
AmericanKulak says
So which is Batman..?
I'm tired of faggoty Superheroes.
I prefer Action heroes.
Action heroes get tough or are toughened by rough experience to get revenge/get the bad guy. They're human and have to work to accomplish a goal, an inspiring, manly message.
Superheroes get exposed to Unobtainium or Radiation or Are Born This Way like Lady Gaga, and don't do shit for their super powers, it's a form of infantile omnipotence fantasy.
So which is Batman..?
30
Shaman
2022 Apr 20, 3:05pm
Shaman
2022 Apr 20, 3:05pm
Batman is very obviously an action hero. The only powers he was born with was wealth and the only ones he gained were strength and skill.
31
RC2006
2022 Apr 20, 3:07pm
RC2006
2022 Apr 20, 3:07pm
Tranny in every new show, check
Black playing white roles(king Arthur), check
Gay characters in children's cartoons, check
Not surprised Netflix is tanking, check
Black playing white roles(king Arthur), check
Gay characters in children's cartoons, check
Not surprised Netflix is tanking, check
32
Goran_K
2022 Apr 20, 3:30pm
Goran_K
2022 Apr 20, 3:30pm
NuttBoxer says
Mothma and Holdo are literally NOTHING alike. Mothma has a far more natural and believable back story.
Mothma - Former SENATOR of Chandrila during the time of the Galatic Republic. Yes she wears a white dress, with her natural hair, but that's because she was formerly a senator of the republic, and only became a rebel leader when Palpatine took over and it was obvious he was going to be tyrannical. So her look, attitude, and dress is believable because that's probably what she would have worn and acted like as a senator in the republic.
Holdo - As a child she hung out with teenage Leia. They developed a friendship, with some semi-lesbian undertones that were never explored. She is supposedly force sensitive, and once Palpatine takes over she disappears for 30 years until the most recent trilogy where now she's a battle hardened general, who is supposedly a brilliant tactician who has lead the rebels to many victories.
Holdo's backstory makes ZERO sense. It's basically some force fed woke BS to create a "hero" relatable to woke LGBTQ millennials.
I feel the need to remind everyone of Mon Mothma who appeared as a leader in Return of the Jedi. Although her hair was of natural color.
Mothma and Holdo are literally NOTHING alike. Mothma has a far more natural and believable back story.
Mothma - Former SENATOR of Chandrila during the time of the Galatic Republic. Yes she wears a white dress, with her natural hair, but that's because she was formerly a senator of the republic, and only became a rebel leader when Palpatine took over and it was obvious he was going to be tyrannical. So her look, attitude, and dress is believable because that's probably what she would have worn and acted like as a senator in the republic.
Holdo - As a child she hung out with teenage Leia. They developed a friendship, with some semi-lesbian undertones that were never explored. She is supposedly force sensitive, and once Palpatine takes over she disappears for 30 years until the most recent trilogy where now she's a battle hardened general, who is supposedly a brilliant tactician who has lead the rebels to many victories.
Holdo's backstory makes ZERO sense. It's basically some force fed woke BS to create a "hero" relatable to woke LGBTQ millennials.
33
Tenpoundbass
2022 Apr 20, 6:17pm
Tenpoundbass
2022 Apr 20, 6:17pm
I primarily watch Youtube videos, of normal people doing normal shit. Fabricators, Off road vehicle recovery, crazy Russian auto mechanic that experiments with crazy ideas, Japanese Guitar teacher giving Blues in Minor triad and arpeggio scales. Oddly enough the videos I watch don't have one single commercial.
I also like watching the movie recap videos there's a few I like more than others. I like the 8 to 20 minute synopsis about the movies. I feel like by not hearing the dialog, I could still watch the movie if I thought it was interesting enough. I've seen a few I'll like to watch.
Though it's amazing how many have woke or gay shit overtones, which the narrator really makes it seem all the more crass, even if I can't tell if the narrator subscribes to the politics or not. They do call it out when woke shit is at work in the plots or story.
I don't have an account with Youtube, I don't hit the like and smash the subscribe. And what I watch is so varied YouTube doesn't know what to do with me. One thing for sure, they never show me the latest Pop star or celebrity gossip videos in the feed.
I also like watching the movie recap videos there's a few I like more than others. I like the 8 to 20 minute synopsis about the movies. I feel like by not hearing the dialog, I could still watch the movie if I thought it was interesting enough. I've seen a few I'll like to watch.
Though it's amazing how many have woke or gay shit overtones, which the narrator really makes it seem all the more crass, even if I can't tell if the narrator subscribes to the politics or not. They do call it out when woke shit is at work in the plots or story.
I don't have an account with Youtube, I don't hit the like and smash the subscribe. And what I watch is so varied YouTube doesn't know what to do with me. One thing for sure, they never show me the latest Pop star or celebrity gossip videos in the feed.
34
clambo
2022 Apr 20, 8:00pm
Re: YouTube videos.
I’m lately enjoying ones by a young mad scientist type: tyropyro
I give him 2 thumbs up.
I’m lately enjoying ones by a young mad scientist type: tyropyro
I give him 2 thumbs up.
36
Eman
2022 Apr 20, 9:04pm
Eman
2022 Apr 20, 9:04pm
When one of the big investors took a $400M loss and bailed on NFLX, there’s no reason anyone should stay in the stock. There’s a high probability it’s going to go lower.
https://finance.yahoo.com/news/ackmans-pershing-square-sells-netflix-224251956.html?source=patrick.net
https://finance.yahoo.com/news/ackmans-pershing-square-sells-netflix-224251956.html?source=patrick.net
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https://www.thestreet.com/markets/netflix-stock-slumps-as-viewer-exodus-prompts-advertising-re-think?puyahoo&cm_ven=YAHOO&source=patrick.net
Rising prices and increasing competition make sense, but password sharing sounds like an issues theyve had for a decade, so I think its a BS reason.
I also think they left out another reason for failure: wokeness. Netflix has been ramping up their woke propaganda rapidly these past few years. IMO covid made people much more tolerant to that, so they pinched their noses and held onto their subscriptions anyway because they wanted entertainment while locked indoors. Now that society is mostly back to normal, some are rejecting it.