Can’t wait to watch the Netflix documentary about the decline and demise of Netflix
$Netflix(NFLX.US$ Look in my previous Netflix posts and you will see that as soon as they 1) tried to cut down on family and friends using others accounts and 2) increased fees, I said it was suicide for the company and the stock. Dumb asses thought it would mean that grandma who was using her grandson’s account would end up having to buy her own membership thereby increasing membership and revenue. I asserted cutting off Grandma meant that her pissed off grandson wouldn’t renew his own membership that cost more anyways. Looks like I was right.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
1642Followers
221Following
10KVisitors
Follow
Revelation 6 : They cut their own throat in more ways than one. They seriously overrated their position and influence in the market. Now the great market meat grinder will slowly chew them apart.
Mr Trecherous Revelation 6: Never Ever, Ever,Ever Invest In Amy Schumer
Talklili : On-line ads are what made GOOG and FB what they are. So it can't be all that bad for NFLX. Different viewing experience for the cheaper folks. I expect some cannibalization though.