What’s odd is that the person responding in Quora who’s speaking as if he has authority on this matter started at Netflix in 2011, 2 years after the contest ended. The contest started in 2006 and was awarded in 2009. https://en.m.wikipedia.org/wiki/Netflix_Prize
Why is this odd? If he started two years later and there was not a trace of the Prize work at the company, that would be an indicator that the competition was not important. If he started and could still see knock-on effects from the competition, that's an indicator that it was important. Plus, he didn't just start at Netflix. He "took over the small team that was working and maintaining the rating prediction algorit…
Its very possible Netflix realized they needed to course correct the UX and as a result the winners algorithm was solving for a problem that no longer applied because it was using assumptions (rating system & no existence of different profiles) that were no longer relevant.