AMA
Yesterday
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I’m a professional coaster AMA
Ask Blinders
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893
Tipping culture is really getting out of control! Waiter gave me ‘a look’ because I tipped her 10% for ‘BAD service!’
Tech Industry
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[intern] Worst team at databricks or best team at ramp
Tech Industry
Yesterday
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ByteDance is officially fucked
Tech Industry
Yesterday
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TESLA UP 14% AFTER HOURS 🎉🎉🎉🎉
The company seems to have no future considering their cash burn and competition in forms of Amazon Prime, Apple TV, Facebook whatever, Hulu, Disney+, HBO and ABC who have capital, a strong customer base and other profiltability sources (except Hulu maybe) Also heard horrible things about work culture (the big TC is nice though) What do you think about Netflix?#netflix
I consider Netflix because it’s the best start on a Silicon Valley circuit with the large severance and expected layoff. Facebook might be the best start now though and of course don’t sleep on SF app companies.
How is getting laid off the best start to your career? Also Netflix doesn't hire new grads afaik.
You’ve read their culture doc right?
That's some serious insights. Netflix will spend 17 BN on content this year. I think they are not going to crash and burn anytime soon. Plus they have been in that business longer than the competition, and that's not nothing.
But what is the return? This spending on content is very worrying imo. Netflix spends billions to pump content after content which people binge watch within days. Their subscription is dirt cheap hardly covering costs. However, if they either stop pumping billions in content or raise their prices significantly, people will jump ship. I am not sure how 2019 was but since 2009-2018 Netflix has been operating on negative cash flow with almost -$3Bn in 2018. Now with ABC and Disney pulling all their content from Netflix and starting their own streaming service and YouTube, Amazon, HBO and Apple stepping up their game, in my opinion it only gets tougher from here. I think the following need to happen for Netflix to come out as a winner: + Competitors do not make good content or market themselves well + Netflix continues making solid content + Investors’ faith remains unshaken despite year after year loss reported and increasing competition + Customers remain loyal when Netflix raises it’s monthly subscription costs
How can $1-2B Disney and HBO Max budget compete against Netflix's 18B? Content doesn't fall from sky. I am willing to ignore the tech advantage but content alone is not a fair competition. Netflix is and will always be a much better service because it has the scale to support the spend.
It’s important to have the N, otherwise the acronym is not a chill thing to say in the Bay Area
Lol facts
Microsoft going to have to up their game to make it kids friendly again.
FANG is a stock term, not a "best place for SWE to work" term and netflix's stock has done okay since 2012
Then why isn't Microsoft part of it? 5y return beats Facebook, Google, and Apple.
Because it was coined by Cramer before MS stock was doing well
Only Fb and G in the same tier. Amzn, Apple and Microsoft in another tier. Netflix is in neither and not an engineering company, more of a media company. FAANG is more catchy and has a better ring to it for Wall street people like Cramer.
I say we rethink FAANG all together
But I need to know who pays a lot and refer to them quickly
Exactly. FAANG misses a lot of high paying companies.
People said the same things about Amazon until few years back that they are saying about Netflix. With all the cash burn, competition and horrible work culture Amazon stood out and so will Netflix.
We have a good work culture. It's not a culture for everyone and we are very open about that.
No.1 company by employee happiness according to blind survey.
I do think that Netflix has some grounded partnerships with the international film/tv landscape. They’ve managed to get REALLY good international originals and classics. A lot of people (especially folks in the US) tend to forget the rest of the world.
N is for Nokia, the largest phone manufacturer in the world.
No n is for "new" tag on blind 😂
😂😂😂 I worked for Nokia hahah #sad