5 ms·

Elon Musks take on why Netflix is tanking

5 points by node-bayarea 4y ago

raxxorraxor 4y ago
I think the issue is simply that we again had publishers trying to start their own platforms and withdraw a lot of content. Some with success like Disney. But I otherwise sympathise with what Musk writes, content might be more enjoyable if we could tune that down a bit.
arrakis2021 4y ago
Netflix is churning out an insane amount of content that is background noise at best and barely watchable at worst. They also lost a lot of face defending “Cuties” - which was basically kiddie porn disguised as an art house film.
- rasz 4y ago
  But 7 seasons of Toddlers & Tiaras on TLC was fine, right?
  - ByteJockey 4y ago
    TLC died and burned its credibility around when (or a bit before) Toddlers & Tiaras. If Netflix wants the same cultural clout as TLC, it's a defensible decision. Up until recently, they've had significantly more.
sharemywin 4y ago
It's pretty simple the content sucks. It's a problem a lot of streaming services have.
IanDrake 4y ago
[dead]
mytailorisrich 4y ago
They seem to be wiping out all the gains from the last 2 years but are still up 55% over 5 years.
kmos17 4y ago
Price increases in the middle of an unprecedented glut of content on so many other competing services, and a lot of strong competition. It’s not surprising. They also need more editing, there is a lot of good content on Netflix but there is so much crap it’s hard to find.
- kmos17 4y ago
  And to add: Musk is suffering from the anti-woke virus if that’s (his tweet) what he thinks is the reason for Netflix’s slump.
subsubzero 4y ago
A few things: - Growth stocks will drop and keep dropping as interest rates increase, NFLX does not make money and is classic growth, the companies valuation is $30-50B at best and I expect it to fall to that level. - Like others have said NFLX's content currently is terrible, alot of their hit shows have either ended or are on hiatus due to the pandemic. - Their monthly prices are high and given the above point households are throwing out the trash so to speak and nothing NFLX has supports a $20 monthly subscription. - Supporting kid porn like "cuties" made alot of people mad, unsure why they chose this position but its just shooting themselves in the foot.
schwartzworld 4y ago
What an astonishing take from musk, quite shocking that the billionaire son of apartheid diamond magnates dislikes wokeness.
- deleted 4y ago
  [deleted]

5 points by node-bayarea 4y ago

I think the issue is simply that we again had publishers trying to start their own platforms and withdraw a lot of content. Some with success like Disney. But I otherwise sympathise with what Musk writes, content might be more enjoyable if we could tune that down a bit.

arrakis2021 4y ago

Netflix is churning out an insane amount of content that is background noise at best and barely watchable at worst. They also lost a lot of face defending “Cuties” - which was basically kiddie porn disguised as an art house film.

rasz 4y ago
But 7 seasons of Toddlers & Tiaras on TLC was fine, right?
- ByteJockey 4y ago
  TLC died and burned its credibility around when (or a bit before) Toddlers & Tiaras. If Netflix wants the same cultural clout as TLC, it's a defensible decision. Up until recently, they've had significantly more.

sharemywin 4y ago

It's pretty simple the content sucks. It's a problem a lot of streaming services have.

IanDrake 4y ago

[dead]

mytailorisrich 4y ago

They seem to be wiping out all the gains from the last 2 years but are still up 55% over 5 years.

kmos17 4y ago

Price increases in the middle of an unprecedented glut of content on so many other competing services, and a lot of strong competition. It’s not surprising. They also need more editing, there is a lot of good content on Netflix but there is so much crap it’s hard to find.

kmos17 4y ago
And to add: Musk is suffering from the anti-woke virus if that’s (his tweet) what he thinks is the reason for Netflix’s slump.

subsubzero 4y ago

A few things: - Growth stocks will drop and keep dropping as interest rates increase, NFLX does not make money and is classic growth, the companies valuation is $30-50B at best and I expect it to fall to that level. - Like others have said NFLX's content currently is terrible, alot of their hit shows have either ended or are on hiatus due to the pandemic. - Their monthly prices are high and given the above point households are throwing out the trash so to speak and nothing NFLX has supports a $20 monthly subscription. - Supporting kid porn like "cuties" made alot of people mad, unsure why they chose this position but its just shooting themselves in the foot.

schwartzworld 4y ago

What an astonishing take from musk, quite shocking that the billionaire son of apartheid diamond magnates dislikes wokeness.

deleted 4y ago
[deleted]