Netflix is self mutilating the most important metric for their business
$Netflix(NFLX.US$ with the price hike and the crackdown own password sharing, subscriber growth, their most important metric in their valuation, is going to plummet. Next earnings might have a crash worse than this last one.
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I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
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Holkkie : totally agree.. they will lose a lot of people if account sharing is taken off the table.. many people gets one account per family. imagine you live in one state and your brother live in another.. I don't make any sense to get 2 different subscription.. and what is your parents live in another country why would u take 3 subscription.. I guess it's time to sell this stock they only gonna go down from here
Mike Hunt OP Holkkie : Those idiots probably think the crackdown will create subscriber growth because now grandma has to pay for her own account. What they will find is that not only does Grandma stop watching Netflix, but her grandson whose account she used decides to cancel his subscription all together because Netflix fucked over his Grandma
Holkkie Mike Hunt OP : haha all the more reasons to watch these shows on online streaming websites tbh
Randy Koehler : it's being said it'll cost between 3-5 dollars. If you can't get behind a few extra dollars for their content then see ya later.
Mike Hunt OP Randy Koehler : That’s on top of the price hike for the subscription itself. If you are long on Netflix, you best hope the “see you later” contingent is small.
Aurelian : please open low please