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Netflix stock plummets due to losing more subscribers


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2022 Apr 20, 6:32am   6,440 views  53 comments

by Hircus   ➕follow (1)   💰tip   ignore  



https://www.thestreet.com/markets/netflix-stock-slumps-as-viewer-exodus-prompts-advertising-re-think?puyahoo&cm_ven=YAHOO&source=patrick.net


...
Netflix posted the first decline in annual subscriber growth in more than a decade late Tuesday, losing 200,000 global subscribers over the three months ending in March, significantly missing the Street consensus forecast of a 2.5 million gain and taking the overall total down to 221.64 million.

Around 700,000 of those were the result of cutting its service in Russia, Netflix said, but the bulk of the exodus was put down to rising prices, increasing competition and password sharing, which Netflix estimated at around 100 million households world wide.
...


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.

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44   Rin   2022 Jun 1, 12:21pm  

richwicks says
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.


Actually, nowadays, that's less true than before.

After seeing 'The Expanse' seasons 1 to 3, I was all excited for season 4 but realized quickly on that the show lost its shine, making James Holden more useless than useful, and the best character of season 3, the antihero turned hero (& leader of the crew by the portal) Klaes Ashford, was killed for no purpose other than to show that there were some new terrorists in town, I mean space. What a waste!

And then the 'bad guy' of season 4, Adolphus Murtry, was just an unsympathetic dickhead. The fact that Amos didn't kill him in an instant was because he's pussywhipped by James Holden's idiotic pacifism (at all the wrong times). The Amos from prior seasons would have disposed of that trash heap in a heartbeat.

So in effect, the Expanse was over and I didn't watch any further. Others have followed suit and for a slew of viewers, the show was seasons 1 to 3, the best Sci-Fi space opera for the 2010s.

Seasons 4 to 6 were promptly forgotten & many just read the synopsis to get the gist of the completion.
45   Hircus   2022 Jun 1, 12:23pm  

Patrick says
@Hircus There are a lot of paragliders in the Bay Area, since there are good cliffs for it. No motor, just a big wing. They step off the cliff and just sail around. Amazing to behold, but I get slightly ill just watching them.

I'll have to go watch them in person sometime.

I watched a paramotoring video and the guy said those who have experience paragliding make better pilots for paramotoring due to being familiar with air currents / thermals etc... since that stuff is so critical to gliders, but paramotor pilots don't need to know so much about it, so very few study up. I'd imagine gliding is more dangerous - having a motor pushing you forward probably helps a lot to reduce the chance of a stall and to keep you in control. But I've seen videos of paramotor noobs who try to turn too sharply, and end up losing too much speed and lift, and they go from what looks like a safe controlled cruise to dropping 30-50ft onto the ground in 2 seconds, so I think the motor is certainly no panacea.
46   WookieMan   2022 Jun 1, 2:18pm  

Hircus says

WookieMan says
Sorry, I like aviation. Might pull the trigger and get the license


I've thought about maybe getting a pilot's license one day too. But more immediately, I'm really thinking of trying paramotoring. It looks so fun and the open air flying really appeals to me. So many youtubers post videos of them flying over the countryside, hills, desert etc... and it looks so free and fun. Not to mention it doesnt look very expensive. I need to look into the safety of it more though. I'm sure its nowhere near as safe as airplanes, but hopefully its not too bad if one is diligent about safety.

Any thoughts on it?

Don't quote me on this but I believe paramotoring does not require an FAA license if you stay below a certain altitude. So you could buy or even borrow equipment today and be in the air. So that's appealing for sure if I'm correct and I think our user Headset could correct me on that. I only got an FAA license to fly a drone to receive payment commercially.

I want the license for speed and I enjoyed it the few times I've been in control of an aircraft. My wife's territory is all of Wisconsin and Illinois. I could get to any part of the state(s) in a Cessna 172 in about 2-3 hours from what would be our home airport depending on wind. The tip of WI is a 6-7 hour drive one way. Once at cruising altitude autopilot, check gauges and ATC communications. Much better than actively driving for 6-7 hours.

I don't have this kind of cash without a partner involved, but I'd like a Diamond DA50. 181kts sipping 9 gallons per hour of JetA fuel. I have 3 kids, so the 3 seats in the rear would be awesome or for clients. 850 mile range from the midwest. So Panhandle of FL, New York, Denver might be a stretch but close. I don't like the retractable gear as it's one more maintenance item, but you save time gaining speed. Also tax write off as a business expense of $1.2-1.4M for purchase and then write the maintenance and fuel expenses off as well. https://www.diamondaircraft.com/en/private-owners/aircraft/da50/overview/

I'd be able to get to most places I'd like to in under 2 hours from Chicagoland. Obviously not West Coast, but Nashville would be 1 hour 45 minutes. My airport is 10 minutes drive, towered and relatively low traffic outside of training. Supposedly one of the top FBO's in the nation, I've only been twice. Huge runway (6,500ft) if I'm a retard.

Jesus, novel over. I want an airplane.
47   EBGuy   2022 Jun 1, 2:26pm  

On a positive note, watched a comedy special on Netflix last night that made fun of the woke. That said, the comedian who made the special will not be doing any more shows...ever. Sniff...
48   HeadSet   2022 Jun 1, 4:29pm  

WookieMan says
Headset could correct me on that.

Sorry, I do not know anything about paramotors or drones, I have only flown regular planes. Even then, I last flew in the 90s and that was a Cessna 172.

WookieMan says
181kts sipping 9 gallons per hour of JetA fuel.

A recip engine that burns JetA sounds like it is a diesel, as a turboprop would burn more like 30-40 gallons per hour.

Sounds like a nice ride. Odd that you are worried the complexity of retractable gear, since a plane like that is likely to have an oxygen system as well.

WookieMan says
Once at cruising altitude autopilot, check gauges and ATC communications.

Do not forget you got to land, and often in IFR conditions. I presume you would get your Instrument Rating if you will be flying for business.

Let us know if you if get that plane.
49   Patrick   2022 Jun 1, 4:34pm  

Hircus says
I'll have to go watch them in person sometime.


@Hircus This is one place I've seen them doing it, north of Pacifica:

https://www.paragliding-lessons.com/mrsg/
50   zzyzzx   2022 Jun 10, 6:58am  

https://finance.yahoo.com/news/goldman-cuts-netflix-to-sell-june-2022-120600082.html

Goldman cuts Netflix to 'Sell' citing competition and a 'consumer recession'
51   FortwayeAsFuckJoeBiden   2022 Jun 10, 7:54am  

zzyzzx says

https://finance.yahoo.com/news/goldman-cuts-netflix-to-sell-june-2022-120600082.html

Goldman cuts Netflix to 'Sell' citing competition and a 'consumer recession'


don’t want to say that wokeness got consumers fleeing
52   B.A.C.A.H.   2022 Jun 10, 8:36am  

WookieMan says


Might pull the trigger and get the license and partner with a friend on a plane.

HeadSet says


I have only flown regular planes. Even then, I last flew in the 90s and that was a Cessna 172.

I got an Instrument Rating and Commercial License when I was in my late teens in college. I flew the 150, 172, 182, Grumman Tiger, Bellanca Citabria, Rockwell Aero Commander (I think it might have been a "model 114"), Piper Cherokee.

In those days, most of the airlines required a college degree. It could be any degree, in any subject. My plan was to build hours while in college then follow the well-trodden path from air taxi to puddle jumper to regional airline to "majors". And to get a degree in something solid as a backup plan, in case I ever failed the physical from a heart murmur or (in those days) imperfect vision/hearing, or something else. I knew two such healthy folks who failed the ATP physical like that. They both wisely majored in solid fields and so got other employment.

My "solid" major opened some doors for me during college to work part time in "tech". Besides paying the college expenses I could now pay for more flying time. The goal was the next step, Multi-Engine. My college buddies took up golf. I would join them on most weekends, in the SF Bay Area the climate is mild enough to play gold year-round. My calendar, and my pocket book, could not support the flying and the golf. In my part time work I became more integrated into the company's technology development. I found the work more interesting and more fulfilling than the flying. Since I'd hung around the airport I knew a lot of young pilots, including a handful who made the transition to working for major airlines.

At the time, one of them, a bit older than me (late 20's) got his Dream Job working 3rd seat in a Boeing 727 for United Air Lines. In spite of his glamorous gig, I made more money than him working half-time as a research assistant at a sh*tty little tech company in Silicon Valley. I got so many stories about airline pilots I knew back in the day. Between me enjoying the golf, fascinated with the tech, and getting bored with the flying, I decided to ditch the flying.

Fast forward three decades. Kids done with college, house paid for, etc. Maybe I can pick up flying again as a hobby. I shopped around for insurance. First of all, life insurance policies mostly all have in fine print that they will not pay out for a death from flying (or riding in) a private plane. AOPA will broker a policy, but it's limit was 250K. Like BayArea has boasted on Patrick's website, that's Chump Change here in SIlicon Valley. I don't know if AOPA would broker ten policies for the same pilot, but at that point the premiums would be way more than the cost of the hobby.

A few years after that, I didn't care about the life insurance any more. Basically, "self-insured". However, the self-insurance amount could be target of a liability suit. You can also get a pilot's liability policy. Same problem. Any decent coverage will so be expensive that it will exceed the flying cost. Nonetheless I looked further into this.

When I was flying as a teenager, my flight instructors told me that they were not worried about my skill or judgement or whatever. They said that young pilots like me took the hobby seriously and were seldom in accidents. They told me that the pilots they worried about were successful affluent middle aged folks who viewed their airplane ownership and piloting as a hobby akin to golf or whatever. They told me these guys were a bit arrogant to assume that just like any other activity they were "on top of things". Sure enough, every one of the crashes I had a connection to would fit in that category. (Can you say, "JFK Junior"?) Nonetheless, I "knew" that wouldn't be me. I visited a flying school to inquire. All I wanted to do is buy the training manual to read up on resuming this activity. The guy at the front counter was the owner/chief instructor. He had me figured out. I could see the dollar signs in his eyes like the cartoon portrayal of Greedy Daffy Duck. He insisted in GIVING me the training manual. I said I wanted to pay him for it, even as he insisted. Finally, I got him to agree to take the payment, and that if I took refresh lessons from his school (he had a fleet of small planes and an army of young instructors), he could credit me back the cost of the training manual. He also insisted that he give me a "comp" demo flight that he would personally instruct, maybe even let me land the plane. "You will be enchanted", told said. I told him I'd take the manual home and get back to him.

OMG just a little bit of reading that training manual and I knew that if I picked up this as a hobby, just like JFK Junior and those middle aged pilots my flight instructors warned me about three decades ago, I'd kill myself or others. As a teenager I did not really respect all the knowledge and skill I'd accumulated in that "hobby". No way. It's not for me and in my opinion not for anyone like me.

If I get the itch to fly again I will hang around the airport and find some better-suited youngster to fly me around, and help him/her pay for the flying time.

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