I know the loss of subscribers is negligible for now, but now that it has started, I don't see the trend reversing any time soon. With the stock going down, the management will have to do something to seem proactive in protecting the profits. Guess what's the easiest way to do that?
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Agreed, content is poor. The strategy appears to be quantity, not quality and it shows.
For years Wall Street rewarded Netflix with an outsized market value for its ability to keep expanding its user base. Now, reality is setting in.
Those staggering high salaries had to come down and it is just a matter of time when the exit doors open.
Honestly, let’s start with content analysis & acquisition. They’ve been doing such a poor job, it’s no surprise consumers are canceling. I can’t find anything to watch on Netflix too.