I think they are stumbling because they are trying to grow their catalog too fast. They have achieved a lot of this by taking on debt, not an unresonable amount

I think they are stumbling because they are trying to grow their catalog too fast. They have achieved a lot of this by taking on debt, not an unresonable amount, but I think they have too much money to burn and that means they aren’t always making smart or selective bets on content. In the beginning of their foray into original content it felt like everything was good or at least interesting even if it wasn’t for me. Now it feels like they have a new original every week, but less that I find compelling or even watchable. A lot of it is lowest common denometer trash content. They risk being associated with that. I once associated them with high quality content even if it was low budget. Now I associate them with shows that feel like were concepted and written by a user acquisition algorithm. At some point they decided Netflix is for every human on earth and to be for everyone you have to have content that can be digested by everyone, but to do that you make a pretty bland product without much taste.