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> It was specifically due to not meeting expected subscriber numbers, prompting a widespread negative reevaluation of Netflix's entire business model. I'd spec
by remus 3y ago
> It was specifically due to not meeting expected subscriber numbers, prompting a widespread negative reevaluation of Netflix's entire business model.
I'd speculate that those expected subscriber numbers may have been inflated by the covid pandemic.
- lxgr 3y ago“Under the assumption that the growth of 1 billion subscribers per month will continue linearly, we expect that in just two years…”
- crazygringo 3y agoWell, their stock price fell to levels not seen since ~Aug 2017, and obviously COVID-19 didn't happen until, well, 2019. So while Covid might have been part of it, it's nowhere near the full story.