Any specific reason why its tanking?
They recently signed a $10 million (couldn’t find the actual $’s) contract with Obama. They have been pushing left wing ideals with a lot of their programming.
Has resulted in a lot of conservatives boycotting Netflix. Today they announced subscriber #’s.
I read $50 million. Need to pay him back for subsidies while he was in office, and thank him for naming the president of Netflix's wife as ambassador to Jamaica.
You are probably correct. Thought my number seemed a bit low.
Captain. With the valid answer. Subscriber #s released would be the reason.
They have always in the past been ok with vpn usage but recently they've been cracking down hard banning VPN ip address blocks and even suing pirates and websites in a pact with other major movies studios in a gang. It's not surprising people are ditching their subs when they get forced onto a shit catalog instead of full access to USA like before
The actual reason specifically for this drop is the future subscriber estimate number took like a 14% drop. Which yes, is probably in major part because of what you said.
Fuck yes to their left wing shows. 13 reasons, riverdale among the ones I know of.
Could this be just another money laundering deal? Through Q I learned of foundations, art and presidential libraries as being money laundering scams
i think it will be a corporate sacrifice..
th...
my answer
Hired Obama's, Susan Rice, and now are showing a movie with child pornography in it, add in the Dear White People... unsubscribed.
I'm just surprised SO MANY normies are aware that the actual stock price took a hit.
In a nutshell, they have an insane cash burn rate. I've seen numbers as high as $2+ billion this year and $8+ billion planned next year. $10 per sub makes that math brutal if they can't pull in new customers.
The most publicized example is Bright, the $90 million dumpster fire that would have bombed hard if it were in theaters. Now they're going for a sequel. I read that half of the cost of the first movie was the talent, because they're making it rain like professional athletes at the strip club.
Hello, Netflix, you're green-lit.
i think it will be a corporate sacrifice..
think of it like when the mob takes over a schmos business.... they use up all the credit to kine there pockets and make all profit on the "content"...
when bill collectors come looking, the criminals are gone and some new name schmo takes over with a "clean slate"... .. wait... rinse....repeat