Netflix’s bad habits have caught up with it
441–450 of 491 posts
Re: Netflix’s bad habits have caught up with it
#442Re: Netflix’s bad habits have caught up with it
#443Earlier quoted context omitted.
The question is asked like it is some sort of gotcha, but there are clear answers for both the general proposals floating around: (a) wealth tax. Every year each household with over $XX million in net worth pays y% of the amount above the threshold in taxes. No refund if your net worth goes down in subsequent years. (b) treat unrealized capital gains as income. Each year you pay income taxes on the increase in the va…
Walk me through it. Year 1, I own 10,000 shares at $0.1 each. I'm taxed 25% of $1000, or $250. Year 2, my super smart investment pays off and I own 10,000 shares at $100 each. I'm taxed 25% of an "income" of $999,000, or $249,750. Only, I don't have enough cash to cover the bill, so I sell about a quarter of my stock, leaving me with 7,500 shares. Year 3, the stock goes bust down to $0.2 per share. I write off a loss…
Don't forget you're also taxed on that sale, so you'll have to sell more than that.
Re: Netflix’s bad habits have caught up with it
#444Earlier quoted context omitted.
I feel like Netflix always kind of had an issue with poor taste. They have crappy reality shows and pseudo-documentaries about how the aliens build pyramids. A metric fuckton of content that caters to people with below average intelligence. In addition to this content being unhealthy because you either don't learn anything, or are actively being fed falsehoods, I think it just gives the platform a poor image. It's ki…
I suspect the data teams have a lot of sway at netflix right at the top exec levels. I know this anecdotally since I am close to someone who has approached Netflix and was told it wont work for them. Their reasoning was as simple as it can get. Their data showed what shows people liked in terms of genres and runtimes. That might seem reasonable for short term gains until you realise how silly it is for longevity.
Re: Netflix’s bad habits have caught up with it
#445Re: Netflix’s bad habits have caught up with it
#446Earlier quoted context omitted.
The half of advertising is effective trope hasn’t been true on the internet for over a decade. Advertisers on the internet know exactly how effective their advertising is.
Most of the internet ads I see are for stuff not available in my country, and if they even bother to translate, it's pretty random what language they choose. Just my IP adress or browser heathers should tell em both. That's assuming the product category is something I care for. If they know exactly how effective their advertising is, they have too many dollars they want to get rid of.
Re: Netflix’s bad habits have caught up with it
#447Earlier quoted context omitted.
Netflix losing subscribers is a false narrative. Had they not pulled out of Russia, they would have posted a net gain.
No it's not. While it's true that that suspending their service in Russia costed them 700,000 subscribers, Netflix is projecting that they will lose 2,000,000 users this quarter. [1] [1]: https://www.latimes.com/entertainment-arts/business/story/20...
Re: Netflix’s bad habits have caught up with it
#448I don’t get it; they lost a ton when they banned Russia but if you take that out they did get subscribers overall. Oversold?
* +500,000 outside of Russia
* -700,000 due to cutting off Russia
* = -200,000 so far that's already happened
* +2,500,000 previously projected future
* -2,000,000 now projected for the future
The last two bullets are what the article is about.
Re: Netflix’s bad habits have caught up with it
#449Earlier quoted context omitted.
HBO seems to do it.
They do, but it's very expensive and very slow. That kind of development culture requires discipline and quality control. People like to throw this 'you can't cater to everyone's tastes' bit whenever talking about culture/film/game development. But everyone knows there is fast food and there is michelin. The latter requires a lot of hard work, and it is very hard to replicate at scale.