Netflix going bankrupt? Apr 20, 2022 16:29:59 GMT -5
Post by jdv on Apr 20, 2022 16:29:59 GMT -5
"Netflix Shares Down Nearly 40 Percent as Analysts Downgrade on Subscriber Fail
Netflix shares continued their free fall Wednesday after analysts downgraded the stock following the left-wing streamer’s disastrous first quarter results that showed a loss of 200,000 subscribers and a projected loss of 2 million more in the months ahead.
The stock fell as much as 12 percent in morning trading Wednesday, bringing the stock’s total loss since yesterday’s closing bell to more than 37 percent.
Since the start of the year, Netflix shares have plummeted a staggering 63 percent."
While this isn't the first time Netflix stocks have tanked, it is the first time during the age of streaming.
There are lots of reasons for this, but primarily its their dependence on self-produced shows and movies. And most of those shows... aren't great. Generally speaking if it has the "Netflix" tag on the thumbnail, it's an immediate pass.
And when they do pay for outside produced movies, it's for pure shit like CUTIES, the border-line child porn flick - a decision which cost them thousands of subscribers.
The biggest issue is that their library isn't that big, and you can't order movies on demand - if they don't have it, tough shit.
Through in channels like Tubi which are good and free (watched ALIEN last night, uncut & without commercials for free), and the rational for keeping Netflix diminishes, especially if you start choosing which on-demand service you're keeping as we all tighten our belts.