Ask Blinders
Yesterday
1997
How big are the balls of Google to lay off thousands and then do 70 BILLION in stock buyback?
Tech Industry
Yesterday
850
Is meta really worth the wait?
India
Yesterday
856
Ideal indian parents
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Yesterday
768
Tesla ruined whole auto industry
World Conflicts
Yesterday
1178
Why do Indians support Israel so much( on blind surprisingly) when Israel really thinks 💩of them ?
Engineering is solid. Business is deaf to customer feedback. Alright have a good weekend.
They lost 700k subscribers in Russia, that’s due to war, and gained 500k elsewhere. I don’t understand the logic of drop, they’d make up those numbers quickly within a quarter. They’d still be growing if not for the sanctions on Russia.
They aimed at gaining 2M customers, and only gained 500K at best case scenario. Big miss. Next quarter guidance is 2M loss of customers. Does that paint a happy path for you? Not for me.
Hmm Okay. Do you know how many of those 2M are from Russia or Ukraine? How much is due to recession or some other temporary factors or factors that don’t reflect strength of their business?
OP, do you realize that Reed Hastings is one of the best CEOs in corporate America. Netflix us having a rough time now, but it will bounce. Similar things have happened in the past with Netflix.
I'm not talking about stock. The stock can go up and down. Gaining 500K customers when they were aiming at 2M, then guidance is 2M customer loss isn't exactly good. Stock aside, it's bad business management and customer feedback is falling on deaf ears. The fact that no one was surprised by their miss speaks for itself.
This was the fastest “yes” I’ve ever voted. He’s literally deaf to customer feedback. It will ruin us.
Curious what customer feedback is not being addressed? Outside of better content or is that the feedback?
The price for the content at the quality setup is too high. You can't charge $9 for 480P, that's insanly low. We shouldn't have to pay for more streams, or $15 just to get 4K. Most content that's good and not original left Netflix, so it's a lot of original dramas that not everyone cares about. Then they turn around and pay Ellen >$100M? Yeah no, they can keep their service to themselves.
You're not wrong. But also... the majority of customers are morons. So idk what the solution is.
Not trying to troll, but op do you mind explaining how you would evaluate a CEO?
I am not in any position to evaluate a CEO. However, I'll answer the question to the best of my ability. I look at various stocks and evaluate ones I think are good. My personal top picks are Lisa Su, Satya Nadella, Tim Cook, Marc Benioff, John Chen. These CEOs, especially the top 3, deeply understands their customers and they have intense focus on where to focus their engineering. Lisa understands its the server sector that brings money in, has deep tech knowledge, and isn't a marketing mouth piece like Intel. That's been bringing money quarter over quarter, and turned things around in a few years. Satya Nadella understood the trouble Microsoft was in, and understood how the customer viewed Microsoft. They opened up the ecosystem to Apple, to the open source community, and focused heavily on developers. Tim Cook understood that the ecosystem differentiates Apple from everyone else, and it's a milestone that's very competitive to get into and reach. Custom ARM design with the best ARM engineers. The result is airpods, laptops, servers, and general perephirals that work absolutely perfect all the time every time even on competitor products. Who has that aside from them? Marc Benioff is a salesman. I don't personally like Salesforce that much, because I don't feel there is a heavy focus on engineering. However, when they sell to a customer, they truly walk them through every step all the way to succeeding in their own product. That creates the reliance on Salesforce, and it's very difficult to leave that ecosystem once you've relied on it. John Chen is BBs CEO. They haven't been selling well, but he truly understands what BB has and what to focus on. Security, deeply into systems. This is what the customer is looking for, and they're providing exactly that. I don't feel Netflix CEO understands customers, nor is taking responsibility for their actions. Crap shows, cut off shows, increased prices, and $9 for a 480P stream? Are you serious? In a market where competition exists? Idk, but customers have been discussing how much worse Netflix's business has been getting over time for a while now. It was obvious...
Do Mark now!