Netflix earnings down
Netflix earnings down
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're viewing a single thread.
Turns out infinite growth isn't possible and consumers will move on when a service becomes stale.
What is it with the obsession with infinite growth for every company anyways? Why can’t they be happy with a stable, still extremely high, income? The people at the top already have more money than they need but still want more for no reason
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.
Not really broken if that's always been it's core tenet. It's working as designed.
It's broken because infinite growth on a finite planet is impossible.
Sure, in reality. Capitalism isn't designed around reality.
So it's broken. Because it doesn't work in reality.
It's functioning exactly as designed. That's not broken.
It's capitalism. Driving the economy by profit means that each company has to race to obtain as much profit as possible, or risk losing to their competitors who are trying to do the exact same thing.
If you read the article, Netflix gained subscribers and revenue also grew. Just not as much as shareholders were hoping for