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RIP 🪦.. Netflix is overvalued.
Short Netflix and chill..
Falling knife
Competition is extremely high now. They’re not even the best streaming service. Disney+ has a huge offering and is cheaper. Hbo max is up there too. Amazon prime is basically free since you want prime for shipping. Netflix is becoming the weakest link and getting cancelled. Sure they could grow but it’ll require spending a lot more on content which isn’t sustainable and it’s risky since the content isn’t guaranteed to be any good
What are you talking about? Sure Netflix is not a monopoly anymore but it's still the best in so many aspects
Netflix shareholder spotted
https://www.theverge.com/2022/4/19/23032399/netflix-lost-subscribers-q1-2022-earnings
$690 high $266 extended hours trading YIKES
Try $269!!!
Meanwhile stocks like Marriott hotels ($MAR) are making new all time highs today. The COVID effect... as Netflix returns to pre-COVID levels.
Amazon Prime actually is insane value if you utilize everything. Now MGM added and James Bond rights. New LOTR series going to lock a ton of new people in. HBO Max is amazing too with how many new movies get added after theatre (cough The Batman cough). Hard to beat a lot of HBO made series. Disney+ Obi Wan show next month lol. RIP Netflix, massive competitive landscape now.
PIP pressure makes Amazonian speak truth.
Point take, Netflix didn’t keep up with trends and didn’t innovate. So everyone is jumping boat.
I think is the first of many shitty earnings for Big Tech. We're now starting to see the true impact inflation is having on these companies.
Other platforms are seeing strong growth.
Nah, Netflix just sucks.
Netflix is not a buy.
It’s a bad miss… stock needs to drop to reflect decrease in future earnings. Hold if you want but I don’t see it recovering.
Huge miss, they attributed some to losing russian user base but they still would’ve missed predictions (2.5M) by close to 2 million subs