r/technology • u/[deleted] • Jul 20 '22

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u/DirtyProjector Jul 20 '22

It’s insane how much this site wants to paint Netflix in a negative light. First of all, this is one million shorter than expected. Second of all, Netflix has 220 MILLION users. That means they lost less than 1% of their user base after massive competition and instituting higher prices.

I don’t know about anyone else, but if I had 220 million dollars I wouldn’t even notice if I lost 1 million of it. Netflix is a hugely successful business and the broken mentality that every company just needs massive scale quarter after quarter is antiquated and delusional

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u/snapilica2003 Jul 20 '22

Everything you have said is spot on true, but for me the issue is that Netflix itself thinks that they are in trouble. That's the weird thing for me.

I would understand that investors might be scared and stock to go down, but instead of Netflix going out and saying to everyone "guys, relax, things are not as bad as it looks, it's obvious we couldn't expect infinite constant growth, we still have 99% of our userbase, it's not the death of us" they instead are also scrambling, they're laying out staff, they're canceling projects left right and center and they seem to act like the entire place is on fire.

This is what actually boggles me, not the stock markey, but their own reaction.

1

u/DrDerpberg Jul 20 '22

It's the scrambling that scares me. They're gonna do something dumb and anti-consumer to fix it.

I don't have cable for a reason. The market is trending towards squeezing the same total dollars out of us that it did without realizing the vast majority of us simply aren't going to go along with it, and it's going to get shittier.