Elon Musks take on why Netflix is tanking
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Elon Musks take on why Netflix is tanking
1–10 of 13 posts
Re: Elon Musks take on why Netflix is tanking
#2I think the issue is simply that we again had publishers trying to start their own platforms and withdraw a lot of content. Some with success like Disney.
But I otherwise sympathise with what Musk writes, content might be more enjoyable if we could tune that down a bit.
Re: Elon Musks take on why Netflix is tanking
#3Netflix is churning out an insane amount of content that is background noise at best and barely watchable at worst.
They also lost a lot of face defending “Cuties” - which was basically kiddie porn disguised as an art house film.
Re: Elon Musks take on why Netflix is tanking
#4It's pretty simple the content sucks.
It's a problem a lot of streaming services have.
Re: Elon Musks take on why Netflix is tanking
#5[dead]
Re: Elon Musks take on why Netflix is tanking
#6They seem to be wiping out all the gains from the last 2 years but are still up 55% over 5 years.
Re: Elon Musks take on why Netflix is tanking
#7Price increases in the middle of an unprecedented glut of content on so many other competing services, and a lot of strong competition. It’s not surprising. They also need more editing, there is a lot of good content on Netflix but there is so much crap it’s hard to find.
Re: Elon Musks take on why Netflix is tanking
#8Price increases in the middle of an unprecedented glut of content on so many other competing services, and a lot of strong competition. It’s not surprising. They also need more editing, there is a lot of good content on Netflix but there is so much crap it’s hard to find.
And to add: Musk is suffering from the anti-woke virus if that’s (his tweet) what he thinks is the reason for Netflix’s slump.
Re: Elon Musks take on why Netflix is tanking
#9A few things:
- Growth stocks will drop and keep dropping as interest rates increase, NFLX does not make money and is classic growth, the companies valuation is $30-50B at best and I expect it to fall to that level.
- Like others have said NFLX's content currently is terrible, alot of their hit shows have either ended or are on hiatus due to the pandemic.
- Their monthly prices are high and given the above point households are throwing out the trash so to speak and nothing NFLX has supports a $20 monthly subscription.
- Supporting kid porn like "cuties" made alot of people mad, unsure why they chose this position but its just shooting themselves in the foot.
Re: Elon Musks take on why Netflix is tanking
#10What an astonishing take from musk, quite shocking that the billionaire son of apartheid diamond magnates dislikes wokeness.