A tech company in todays world implies a few things. Namely that you work with technology (synonymous with anything touching computers these days, which I think is a fallacy, but I digress). But also that you are high growth and “innovating”. When we look at Netflix, it should be obvious that all they are is a wolf in sheep’s skin. They pay tech money, but for what? A commoditized streaming platform? Little high school coder Jimmy can build a streaming platform using AWS or whatever cloud provider. Other companies have realized this and made their own rather than utilizing Netflix’s platform. They have no moat. No network effects because having more users doesn’t inherently increase the value of the product (contrast this with FB, Amazon, YouTube, etc). No solid IP because they didn’t buy hot shows outright (like the office, Marvel shows, etc.) Absolutely ZERO product diversity (they have literally staked their whole business on a just streaming platform). Not even a technically difficult platform (see above about how anyone can build a similar platform). Easily the worst FAANG in terms of future business outlook and expected growth. Death by a thousand paper cuts. Blind tax TC: 🥜 #Netflix
You mad bro
Obvi
Yahoos still alive?
You’re missing that it’s a streaming platform “at scale”
So is Disney+, Hulu, ESPN+, Amazon Prime Video, Twitch, YouTube, Apple TV+, Peacock, HBO Max, shall I go on…?
Oh and all of them pay a lot less for talent. For comparable platforms. Yikes.
Ya talk shit after you're not at "New" making 🥜 TC buddy 😢
Boo hoo
🥜 is not a number dummy!
In all seriousness, I think Netflix was the first to publicize and open source chaos engineering
Looking at the past: they WERE a tech company. Forward looking they are not.
Lame hot take. They’ve done tons for tech and continue to do so.
There is an argument that can be made that they are the premier source of long-form content consumption habit data, and they’ve done a great job of building algorithms to keep people on the platform. IMO their “moat” is the fact that they not only know what every single user on their platform likes, but they can get a user to stay on their platform for hours at a time. To my knowledge they haven’t made their user graph programmatically available in any way… if they went that route (other than the media frenzy which would be ironic because media companies would be the biggest customers of that data) they have a standout data product that can be “quietly” monetized (e.g. not as in-your-face as ad placement) to a staggering degree. Whether their corporate politics will move in that direction remains to be seen. In regards to their being a tech company - I would argue that they’ve spearheaded quite a bit of innovation and advancement around content tagging (reliably categorizing and tagging video content which is not easy) and very efficiently processing massive datasets to provide real-time results (recommendations)
I like this take. Noted. I believe they have innovated but I also believe that their time is over. Past-looking, they WERE a tech company. Forward looking, I believe they are not. Also the moat you stated above I believe will be overtaken by other streaming services. Especially Amazon and Apple.
This is a good answer.
Yo dude, come to AWS and see how things run internally at Prime VOD. Then imagine you had to funnel MORE traffic w/o using a million AWS services. You know NFLX runs their own CDN right? It's a massive fucking undertaking. You just sound dumb and ignorant.
Lol I’ll reiterate what I said above. If making their platform was “so difficult” then there wouldn’t be all these companies making comparable platforms, while paying less for engineering talent: Disney+, Hulu, ESPN+, Amazon Prime Video, Twitch, YouTube, Apple TV+, Peacock, HBO Max, shall I go on…?
You can keep repeating it all you want, but engineers at Netflix aren't paid more than engineers at most of those other companies. You simply don't understand the tech or the market, and it shows.
They pretty much defined the field of Recommender Systems (among other things) but alright apparently they’re not a tech company… Ignorance should be hidden, not revealed.
I’ll reiterate a point I made above: past-looking they WERE an innovative tech company. Forward-looking they are not.
Netflix recommendations have never been good (nor have other's either), video quality yes.
Is OP the original Albertson bro?
Yeah bro.
Not bro, yo
Mindless rant ✅ Doesn’t disclose TC ✅ Armchair CEO ✅ Works at “New” ✅ Looks like a classic Blind post ladies and gentlemen
Ya got me
It's been pretty much a movie studio for years
And a pretty average one at that. Love me some stranger things though.