Netflix shares decline after reporting disappointing subscriber growth • Hacker News Board

Re: Netflix shares decline after reporting disappointing subscriber growth

#11

Post by axaxs » Tue, Jul 17, 2018, 2:44 AM UTC

Netflix is in a weird position. Early on I loved it, but over time it seems down to a few good originals and a lot of bad ones, and third rate third party content. I haven't cancelled yet but probably will, as I rarely use it. I don't blame Netflix for this necessarily, but it has made it's consumer value much weaker. Internationally, there are much cheaper options typically.

As an aside, their taking of a political stance has led to a small but visible American chunk leaving, or at least claiming to.

Re: Netflix shares decline after reporting disappointing subscriber growth

#12

Post by TylerE » Tue, Jul 17, 2018, 2:46 AM UTC

wgerard wrote: post #8

Total anecdote: Kinda sucks when shows leave Netflix and don't get replaced; half the appeal of Netflix is the ability to quickly switch between Futurama and Always Sunny, and more importantly to be able to watch those shows on a platform that doesn't completely suck (FX's app has got to be one of the worst apps I've ever used). When "Parts Unknown" was about to leave Netflix, I really questioned whether it was worth…

They've been so aggressively getting rid of "real" content and replacing it with their in-house productions, the quality of which has slid quite a bit as they've ramped up volume.

I'm on the verge of canceling it, since most of what I want is on Prime anyway.

Re: Netflix shares decline after reporting disappointing subscriber growth

#13

Post by scurvy » Tue, Jul 17, 2018, 2:49 AM UTC

volgo wrote: post #7

Alternative headline: "Netflix stock plunges to only +24% in 90 days"

Sucks if you bought in this morning hoping for a big earnings surprise. (I didn't, but I know those that did)

Re: Netflix shares decline after reporting disappointing subscriber growth

#14

Post by cncrnd » Tue, Jul 17, 2018, 2:49 AM UTC

I hardly ever watched TV, but found myself binge watching Netflix. The on-demand model is so much cleaner than regular TV where you have advertisements being shown for almost 1/3 of the time.

In fact, I liked Netflix so much that I cancelled it because it was becoming a distraction. If I have kids they definitely will not have access to any such thing, and I feel sorry for the kids growing up with it today.

Re: Netflix shares decline after reporting disappointing subscriber growth

#15

Post by zwily » Tue, Jul 17, 2018, 2:50 AM UTC

matte_black wrote: post #5

Shit, this is really going to hurt my portfolio. A lot of other tech stocks are down as well.

Did you just buy it yesterday? It’s still way up for the last few months.

Re: Netflix shares decline after reporting disappointing subscriber growth

#16

Post by foepys » Tue, Jul 17, 2018, 2:52 AM UTC

When Disney will launch their streaming service in late 2019, Netflix will be in deep trouble. If Disney is allowed to aquire Fox, they will have such a massive (and exclusive) catalogue, that Netflix will simply be too expensive. Netflix Originals are not too bad but also not exceedingly good and I personally wouldn't pay 11€/mo for them.

Re: Netflix shares decline after reporting disappointing subscriber growth

#17

Post by jrochkind1 » Tue, Jul 17, 2018, 2:53 AM UTC

dukes_haven wrote: post #10

Pxtl wrote: post #6

Earlier quoted context omitted.

Surprising how the ratio is so far reversed in India. Here in Canada (which is a similar market to the USA), Netflix is the cheapest option. Cable TV is several times more expensive for even a basic plan, and Amazon Prime costs about the same as Netflix (but includes the other Prime services).

Netflix would be cheaper in India too but you have to take into account that not everyone can speak English there

??

Re: Netflix shares decline after reporting disappointing subscriber growth

#18

Post by Chazprime » Tue, Jul 17, 2018, 2:54 AM UTC

It seems as if Netflix is focusing on quantity instead of quality lately...their original content isn’t as compelling as it used to be.

Re: Netflix shares decline after reporting disappointing subscriber growth

#19

Post by sebringj » Tue, Jul 17, 2018, 2:55 AM UTC

What happened is streaming tech isn't niche to Netflix anymore. It became good enough for HBO and Showtime etc etc of course Amazon so now you have a plethora of stuff to watch and Netflix isn't the only game in town but they will always be the original innovator. I hope they can innovate more and do something fantastic.

Re: Netflix shares decline after reporting disappointing subscriber growth

#20

Post by robomc » Tue, Jul 17, 2018, 2:57 AM UTC

scurvy wrote: post #13

volgo wrote: post #7

Alternative headline: "Netflix stock plunges to only +24% in 90 days"

Sucks if you bought in this morning hoping for a big earnings surprise. (I didn't, but I know those that did)

"Sucks if you bet on black" - buying shares hoping for an earnings surprise to pocket some free gains is the middle class version of having a good feeling about a horse.