Netflix's stock price has fallen about 50% since November (still not cheap) and their earnings announcement is in about a month. I bet they're losing a bunch of subscribers since they just raised their rate and want to tell shareholders something they want to hear along with the bad news.
I bet they’re losing a bunch of subscribers since they just raised their rate
I suspect its not subscriber loss so much as a big slow down in gain. They're approaching market saturation, and at $12/mo you're talking about half a movie ticket for a huge constantly updating library of content.
I'd suspect Netflix is going to move towards cost cutting and price gouging now that they're in this dominant position. But I doubt they're at any risk of a user exodus any time soon.
Netflix's stock price has fallen about 50% since November (still not cheap) and their earnings announcement is in about a month. I bet they're losing a bunch of subscribers since they just raised their rate and want to tell shareholders something they want to hear along with the bad news.
I suspect its not subscriber loss so much as a big slow down in gain. They're approaching market saturation, and at $12/mo you're talking about half a movie ticket for a huge constantly updating library of content.
I'd suspect Netflix is going to move towards cost cutting and price gouging now that they're in this dominant position. But I doubt they're at any risk of a user exodus any time soon.