Too much “gall”

$Netflix (NFLX.US)$ . Netflix is unfortunately “pushing it” with all the digs into the subscribers it’s already made in the last 30 days to grab margins.

But it’s what they plan on further doing with cutting content, and raising prices just prior to Christmas that’s going to simply push subscribers to say ……screw you!It’s already starting to happen as they eliminated their most popular plan, and replaced it with one that costs 50% more,…..or you have to watch ads.

You’d be amazed at how many people absolutely refuse to watch ads…. Further, …… people hate the gall of companies they’ve been faithful to for 25 years bootstrapping them into a shi**y choice to continue to be a customer. …..pay 50% more,…… or watch ads…… I happen to be one of them…….. I’ve chosen …Neither….. I’ve simply cancelled to solve the issue

”Churn”….. is about to become the most significant word in the industry…. Again… count on it. Netflix is going to start hemorrhaging subs…. It’s going to show up in Q4 or Q1 2025 earnings. The “party” is over.

I believe Netflix is going to stall here and will, whenever, rip lower. Pay attention to upcoming guidance….. Too bad, they should know better in that the age of ripping people off by attempting to wishfully “push margins too much, way too fast” is leaving a foul taste in their customers mouths🤮

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