Already down almost 70% Also why do people make fun of people that work at Amex when our stock has been doing great?
People on blind are a small sample with most folks working at the best companies in the highest paying locations that have a cost of living to match. And they make fun of Amex coz they all know that Amex pays 🥜s compared to the big tech/ tier 1 companies that mostly pay >250k TCs
Faang will become faamg or maamg basically gamam Yeah, Gamam. I enjoy the word. Google Amazon Meta Apple Microsoft. Ranked by expected salary
msft pays peanuts and shouldnt even be considered
As an immigrant I value MSFT more than the others. It has the best immigration sponsorship policy and that to me means tons
Netflix doesn’t have a survivability problem. It has a content problem. Only the financially illiterate think companies die because of their stock price. And you fucking work at American Express. What do you do there? Obviously they need to improve their hiring practices.
It'd end up as Blockbuster
Or worse Hulu or Prime or something. Blockbuster was good content wise.
Netflix is struggling to get better content and membership growth. It is a declining trend and for the price what members pay per month it is definitely not worth it in comparison with prime, hulu and apple. We will have to see how they can sustain against this perfect storm they are faced with now. Given they have hit the saturarion on their streaming side they will have to diversify the growth strategy around India and international markets, may be gaming and sports with a local and personalized content with competitive pricing. Agreed they need to revoke password sharing as it is impacting their bottom line.
They plan to survive by 1) increase pricing for 4K content 2) Crack down on password sharing 3) More woke content Good luck 👍🏼
Lol we will likely see less woke content as a result of this dip which is the best part of it all.
Isn't being woke a compliment? Wat did I mias
People were at home during pandemic that’s why they subscribed. They had nothing else to do. Other services were not that mature that time. Now, competition is pretty high like disney, hbo max, hulu, prime etc. It will be soon like a cable tv again. When different channels were showing different stuff. Second of all they declared that they will do something about password sharing. They will not let users share password. So, people don’t like the idea as it is costly for students to have so many services.Thirdly, in finance tech will always be second class citizen that’s why they make fun.
East. It takes lots of talent and expertise to get into Netflix. But Amex … not really
Or any banks
Is Netflix losing subs because everyone suddenly figured out how to share passwords? 🤣
I know that's like the dumbest shit I ever heard.
How is it 70% down? 🤔
YTD it’s down 62%.. was at 600 almost.