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I predicted this would happen as soon as Netflix raised prices earlier this year. They have over 220 million global subscribers, almost the population of the en

by ycta2022081011 4y ago

I predicted this would happen as soon as Netflix raised prices earlier this year. They have over 220 million global subscribers, almost the population of the entire United States, but think they aren't making enough money and are investing the money they do have into hair-brained projects like mobile games. If Netflix just focused on stabilizing and returning steady profit, instead of infinite growth and inflating their stock price, they would be in a much better position than they are currently.

echelon 4y ago
If they don't grow the pie now, their TAM will be locked forever. Too little too late. They got utterly routed by Disney.
- thfuran 4y ago
  >If they don't grow the pie now, their TAM will be locked forever. So what? Very nearly every successful business in the history of the world has had fewer customers than Netflix.
  - echelon 4y ago
    "So what?"? They could have had it all. Every company wants to grow as big as it can. Netflix could have been the total entertainment package and had near monopoly power. They played their cards wrong, and now their incredible growth story looks to be at an end. They're going to be bumping up against the HBOs of the world, meanwhile Disney will leapfrog them and grow into what Netflix wanted to be. Your kids will be buying Star Wars merch and games and demanding to go to Disney World. Every house needs the Mouse, but Netflix is just another Paramount+. At this point even Amazon and Apple will steal eyeballs and make Netflix's product look less appealing and less worth the cost. Disney is what Netflix wanted to become. Now they have to fight for a smaller, more humble market. They're boxed in. Nobody will fund a bigger vision. The big dream is dead. Long DIS. Short NFLX.
glenstein 4y ago
How much is Netflix investing into mobile games compared to original content programming?

echelon 4y ago

If they don't grow the pie now, their TAM will be locked forever. Too little too late. They got utterly routed by Disney.

thfuran 4y ago
>If they don't grow the pie now, their TAM will be locked forever. So what? Very nearly every successful business in the history of the world has had fewer customers than Netflix.
- echelon 4y ago
  "So what?"? They could have had it all. Every company wants to grow as big as it can. Netflix could have been the total entertainment package and had near monopoly power. They played their cards wrong, and now their incredible growth story looks to be at an end. They're going to be bumping up against the HBOs of the world, meanwhile Disney will leapfrog them and grow into what Netflix wanted to be. Your kids will be buying Star Wars merch and games and demanding to go to Disney World. Every house needs the Mouse, but Netflix is just another Paramount+. At this point even Amazon and Apple will steal eyeballs and make Netflix's product look less appealing and less worth the cost. Disney is what Netflix wanted to become. Now they have to fight for a smaller, more humble market. They're boxed in. Nobody will fund a bigger vision. The big dream is dead. Long DIS. Short NFLX.

glenstein 4y ago

How much is Netflix investing into mobile games compared to original content programming?