Has Netflix peaked?
Shares are down 10% after a surprise decline of 800,000 subscribers.
Been posted, been discussed. Learn to search
My guess is 150$ by end of this year
It will be down further if Disney's new service doesn't face major hiccups. I know many who will switch.
Disney will take a peace of the pie.. tbh there aren’t that many quality shows on Netflix 🤔
I wonder if their subscribers metric was for only paid subs or if it included free trial subs as well? Because I heard they recently made a change in that you can’t use the same credit card to get a free month trial anymore (previously you could just use a different email and you were good). Maybe that’s why there was a decline.
126k not 800k
Correct. The 800k was their prior worst decline.
Always buy. This is very serious. Netflix is not too small to not innovate to pivot. It is laughable that people just look at a short span of time and then bad mouth a company. Netflix has strong fundamentals.
Strong? What is its competitive advantage?
Torrenting on the other hand is booming
I cut the cord on Netflix last year. They kept billing my credit card even after and I had to tell my card company to stop payment. Netflix has been in shit show for a while now. You don't become HBO just by pouring money into shows.
Disney will grab some market share
The next year or two will make or break Netflix’s continued growth.