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Netflix earnings down (www.msn.com)

submitted 2 years ago by reddig33 to c/television

29 comments fedilink hide all child comments

All the naysayers were correct. Netflix is losing money and subscribers in North America.

Netflix did add subscribers, but not in the markets where they cracked down on password sharing. They added subscribers in countries where they don’t charge very much for subscriptions. So they didn’t make much money from the new subs.

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[–] Uphillbothways 60 points 2 years ago (2 children)

Because capitalism is broken. It's predicated on increasing share price. This means a functional company regularly making good stable income based on consistent product is a failure, because share price becomes stable if income and production remain stable.

[–] nyar 6 points 2 years ago (1 children)

Not really broken if that's always been it's core tenet. It's working as designed.

[–] [email protected] 5 points 2 years ago (1 children)

It's broken because infinite growth on a finite planet is impossible.

[–] nyar 2 points 2 years ago (1 children)

Sure, in reality. Capitalism isn't designed around reality.

[–] [email protected] 1 points 2 years ago (1 children)

So it's broken. Because it doesn't work in reality.

[–] nyar 3 points 2 years ago

It's functioning exactly as designed. That's not broken.

[–] [email protected] 3 points 2 years ago

Wouldn't the share price follow inflation, and wouldn't the stock holders keep getting dividends that themselves follow inflation? I'd say that a stagnant company can still be profitable. But yeah, there's greed and people expecting to make fast, big earnings by buying low and selling high...