Television

4576 readers

34 users here now

founded 1 year ago

MODERATORS

[email protected]

154

Netflix earnings down (www.msn.com)

submitted 1 year ago by [email protected] to c/[email protected]

31 comments fedilink hide all child comments

All the naysayers were correct. Netflix is losing money and subscribers in North America.

Netflix did add subscribers, but not in the markets where they cracked down on password sharing. They added subscribers in countries where they don’t charge very much for subscriptions. So they didn’t make much money from the new subs.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 59 points 1 year ago (2 children)

Because capitalism is broken. It's predicated on increasing share price. This means a functional company regularly making good stable income based on consistent product is a failure, because share price becomes stable if income and production remain stable.

[–] [email protected] 6 points 1 year ago (1 children)

Not really broken if that's always been it's core tenet. It's working as designed.

[–] [email protected] 5 points 1 year ago (1 children)

It's broken because infinite growth on a finite planet is impossible.

[–] [email protected] 2 points 1 year ago (1 children)

Sure, in reality. Capitalism isn't designed around reality.

[–] [email protected] 1 points 1 year ago (1 children)

So it's broken. Because it doesn't work in reality.

[–] [email protected] 3 points 1 year ago

It's functioning exactly as designed. That's not broken.

[–] [email protected] 3 points 1 year ago

Wouldn't the share price follow inflation, and wouldn't the stock holders keep getting dividends that themselves follow inflation? I'd say that a stagnant company can still be profitable. But yeah, there's greed and people expecting to make fast, big earnings by buying low and selling high...