Posted on 04/20/2022 8:29:13 AM PDT by Browns Ultra Fan
Netflix, the movie and TV show subscription service, suffered an extraordinary decline in its stock price. But like the film “Margin Call” that pretends the Lehman Brothers bankruptcy in 2008 was a surprise, it really is no surprise that Netflix is getting crushed. Why? Thanks to Bidenflation, millions of American households are suffering (REAL average hourly earnings are declining under Biden) and many of those were Netflix subscribers.
Netflix’ earnings per share soared when Biden was first installed as President, likely due to effects of Biden’s/Pelosi’s/Schumer’s Covid stimulus. But alas, fiscal stimulus is short-lived but the negative effects of inflation are long-lasting.
Inflation Joe, the bully of the middle class and low-wage workers. But at least millionaires will get more electric cars charging stations! /sarc
(Excerpt) Read more at confoundedinterest.net ...
Remember this at the midterm elections!!!
Ya left out the blm stimulus from Trump and his crew. All that stimy is gone, and so is covid. People aren't gonna stay in their little shack to watch homo $hit. Airline and hotel stocks are recovering, hint hint.
When Netflix gave the obamas board positions, they became dead to me.
They just jacked up their subscription rates, why is anyone surprised?
Many of these subscriptions services are going to die. There is oversupply and with people cutting costs, a culling of the herd is going to take place.
Boom- we have a winner.
Once you get past couple of dozen science documentaries, not much worth paying for if there is any other option.
Netflix doesn’t expense their production costs, they capitalize them, right now about 25 billion dollars worth.
I don’t remember the amortization period, I think it’s like 5 or 7 years. I think if a fifth of the was written off, they’d be a net deficit.
Everything woke turns to ....
When Netflix gave the obamas board positions, they became dead to me.”
I canceled my Netflix when the obamas got on the board. Must be years now, nothing to do with inflation for me.
Yep. Many different streaming activities are snapping up content from other services and also a bunch of stuff that used to be free. But I think that not many people will be willing to buy 10 different streaming services to get the same stuff they used to get on one or two. A lot of stuff that used to be an included part of Amazon Prime content now require you to subscribe to newer start ups. They can KMA.
Just checked, Netflix down 36.08 percent over the past five days!
I do sincerely hope this is true. I hope enough Americans are smart enough to cut their subscriptions before bankruptcy. Plenty aren’t.
Add people going back in to work and kids back at school. People don’t need as much entertainment as a year ago.
Hundreds of thousands of subscribers canceled over their decision to keep Cuties.
Subscribers are forced to pay exorbitant prices to subsidize content they don’t want. That was a major impetus for many to cut the cable cords in the first place.
Big Tech does not want the community self-policing. They don’t care what their customers want. They want to force-feed us what they want us to consume.
The customer is always wrong.
Maybe they shouldn’t have given the lazy useless bastard Obama millions for nothing.
This is a stretch. I don’t believe this is due to inflation. It is due to lack of interesting content. After 2 years of being stuck at home people are streamed out, seen all they want to see. When they get new content, some will come back.
Some of it is competition. Lots of services. I haven’t turned on Netflix in months found more interesting content on other services.
They only make so many movies a year (and not many at all for the 18 months from March 2020) and TV shows these days are barely 8 episodes long. They have their reasons for that but it also makes it easy to burn through the stuff you like in a few days or weeks.
Maybe they have more interesting content hidden away but they don’t have a good engine to get people to notice it.
I expect that the streaming services will respond by releasing episodes one at a time and only keeping them up for a short time so you can't binge watch multiple seasons and by making monthly bills very expensive compared to yearly contracts.
Netflix had it easy for a long time but now they have to compete for both shows and viewers.
I'm noticing also that there's hardly any worthwhile movies that you can get free as part of your subscription. Even a 48 year old movie like Zardoz, you can't get without paying a fee.
For me it would be Obummer on the Board.
I hope it and Disney go into the sunset together..
Yep. A bunch of old scifi movies that used to be free are subscription now. This will shake out eventually. People aren’t going to buy 5 or 6 streaming services. Some might but most won’t.
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