I'm paying for a Netflix account that's shared between 4 of my friends. If they crack down on account sharing, I certainly won't continue subscribing and I doubt my friends would either.
The bottom is dropping out of Netflix
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Re: The bottom is dropping out of Netflix
#32* I wrote 3 years ago (June 20, 2019) https://news.ycombinator.com/item?id=20231341 >Even when someone is the first with tech and prioritization, it does not mean they succeed in the long term after the field matures. I don't have high hopes for Slack in 5-10 years. Neither do I see Dropbox or Netflix justifying current valuations in the same time period. Since then NFLX: -40.90%, SP500: +51.14%, DBX: -10.08% * 2 yea…
I agree re: Netflix and Dropbox. Salesforce acquired Slack though. The main issue with a thesis about Slack is that for some completely unknown to me reason, nobody has even attempted to make a competitor. Discord is the closest but using both I don’t think I could use Discord for work at all. It’s just off.
Zoom is trying to compete in that space and doing pretty ok
Re: The bottom is dropping out of Netflix
#33* I wrote 3 years ago (June 20, 2019) https://news.ycombinator.com/item?id=20231341 >Even when someone is the first with tech and prioritization, it does not mean they succeed in the long term after the field matures. I don't have high hopes for Slack in 5-10 years. Neither do I see Dropbox or Netflix justifying current valuations in the same time period. Since then NFLX: -40.90%, SP500: +51.14%, DBX: -10.08% * 2 yea…
Very bad taste of Amazon to make a competing product to Netflix, which has to be one of their biggest clients.
I’m not sure if this is a joke or just a very very bad take.
Re: The bottom is dropping out of Netflix
#34Interesting analysis. I find it interesting that so many people spend so much time watching tv in the first place. Growing up, I was one of those people but about a decade ago I lost interest in pretty much anything on television. There are certain shows that I will watch on occasion that get me hooked, but I usually struggle to find anything that is actually worth my time and end up just turning the tv off after sur…
I think there's so much content that even with a very low hit rate, there's more than enough to entertain yourself to death. For example, the 18 hour Vietnam War documentary by Ken Burns is itself enough to burn a month or so of TV time.
Re: The bottom is dropping out of Netflix
#35Netflix is now a mature business that stopped growing. https://app.finclout.io/t/NBbmd0A
The graph in your link appears to show an operating profit of over $6 billion. What has gone wrong with our world that making a 6 billion dollar a year profit is considered a problem?
Nothing wrong with valuing that business at ~100 billion too.
Re: The bottom is dropping out of Netflix
#36Netflix is now a mature business that stopped growing. https://app.finclout.io/t/NBbmd0A
The graph in your link appears to show an operating profit of over $6 billion. What has gone wrong with our world that making a 6 billion dollar a year profit is considered a problem?
Nothing, theyre just Attempting to price the shares correctly now.
Its $6bn in profit still at a $96bn valuation. Down from $150bn. Quite high if only looking at profit. But I definitely like the revenues under the idea they can reduce overhead
Re: The bottom is dropping out of Netflix
#37I see a lot of focus on the "lost 200 000 subscribers", but less acknowledgement that they kicked 700 000 Russians off the subscriber list, meaning they actually grew by 500 000 subscribers (still well short of wall streets expectation of 2.5 million.)
So in one sense it's a one-time drop, not a trend.
Does Netflix have more competition than before? sure. Is it growing as fast as before? no, especially as they reach saturation in some markets. Is this the "end of netflix"? um... no
Re: The bottom is dropping out of Netflix
#38I get Netflix through my cell phone carrier, otherwise I would drop it. I don't watch a lot of content, and I find myself watching HBO Max more often when I do. With that being said, I might still buy some $NFLX. I thought that they were dead once before with the whole Qwikster thing, but investing in the company then would have been a very smart move.
HBO Max is phenomenal. They seem to be going a different route (pushing quality) than Netflix (algorithms generating low-budget reality shows).
Re: The bottom is dropping out of Netflix
#39Netflix is now a mature business that stopped growing. https://app.finclout.io/t/NBbmd0A
The graph in your link appears to show an operating profit of over $6 billion. What has gone wrong with our world that making a 6 billion dollar a year profit is considered a problem?
Facebook also still makes insane profits each year. And the stocks drop like hell. There is a lot of uncertainty in the market with many smaller growth stock of the Russel 2000 being completely oversold.
https://www.reuters.com/business/finance/us-small-cap-stocks...
Re: The bottom is dropping out of Netflix
#40Interesting analysis. I find it interesting that so many people spend so much time watching tv in the first place. Growing up, I was one of those people but about a decade ago I lost interest in pretty much anything on television. There are certain shows that I will watch on occasion that get me hooked, but I usually struggle to find anything that is actually worth my time and end up just turning the tv off after sur…
I don't watch stuff unless it has ended and is reccomended by someone who watches shows I generally enjoy. Here's my pitch for the golden age of TV, though most of these are from a few years back. Most on HBO.
The Wire
The Sopranos
Generation Kill
The Deuce
Treme
Show me a Hero
Luck
The Expanse
Sillicon Valley (not actually that funny but like a documentary of our field)
Mad Men