Netflix stock has been falling quite a bit. From ATH of $700, it closed at about $350, it is dropping in after hour trading, down by about 20%. My question are - Is Netflix product team strong enough to fight back all the competition? Are there any new revenue services in planned or already released? How is team morale? PS - I’m planning to drop Netflix subscription for Disney+ TC - 290 to 350k ( don’t work at Deloitte) YoE - 8 #stock #tech #disney #streamcompanies
No. Netflix stock is meaningless unless they directly change their salaries which I don’t think they have since their last earnings
This is going to happen for most entertainment tech as RTO picks up. However, long term impact remains an open question.
How’s RTO relevant here?
People have more commutes, physical activity time. Less couches and locked in home available entertainment time. Netflix has most market share of planned entertainment time leading to heavier hit. Moreover, movie theaters are also becoming viable but that’s more linked to endemic then to RTO itself.
What if we just had a future-proof term that wasn't an acronym made-up of company names? Back in the day it we used to just refer to it as "the Big 4" (Google, Microsoft, Apple/Amazon, Facebook), similar to the Big Four account firms. FAANG happened when there was clearly more than 4 companies, and Microsoft fell out of favor and was replaced by Netflix and their high TC at the time.
Netflix is a streaming video service…they kind of peaked on subscribers. Look at all other FANG tier companies. They have multiple products and services. Apple, Amazon, Google, Microsoft, Uber, LinkedIn, etc.
They ventured into games but don’t have experience of entering such market. It will take time.
Lol gonna drop a $15 subscription when you making 290k TC
Next time imma buy puts the gain is ridiculous
MAGMA
How about F next week?
Or Netflix can be replaced with Nutamix.
Let’s call it GAMMA from here on out
It's MAGA now that Meta shit the bed too.
Chill-out, guy