I'm happy the engineers are paid in cash, but what is going on with this service. Did they just start raising rates and now they have Disney, Amazon, HBO, and Paramount just ripping customers away? #tech
They are forecasting to lose 2M subscribers in the next quarter!! Wow..
Buy PUTS
I log on to Netflix. Keep browsing to see if it has any good content and log off. It's done. With all major production houses starting/improving their own streaming, Netflix has nothig to offer apart from too much woke content. People don't want to be lectured when they see Netflix. They want to chill.
Their Cowboy Bebop remake is indicative of the problem with most of their content - uninteresting stuff that nobody asked for, and often what people were explicitly not asking for.
700000 of them were from Russia, may be meta loses another 50M users from there and tanks another 25%. The 2-3% earnings/revenue/guidance miss for growth companies tank their market caps by 20-30%, so get ready for a barrage of tanks this earnings season for tech companies as stopping ads/sales in russia clearly affects their numbers by 2-3%.
But wouldn’t that drop be part of analyst expectations as well?
Considering half of fb users are Russian bots meta puts is probably a good bet
MAAG
GAMA
Tech Industry
Yesterday
3351
I do tech screens at Google. AMA
Ask Blinders
16h
650
Why Pronouns shit captured US ? I don’t see this anywhere else
AMA
Yesterday
2683
I have worked at TikTok US core tech for 3 years. AMA.
India
Yesterday
965
Any Indians Think Kashmir Should be Independent?
India
11h
2542
Why is it so G*damn difficult to move money out of India
It was a matter of time before they lost a shit ton of subscribers. Increasing prices while decreasing good content? And now they wanna bring ads onto a paid service.