this post was submitted on 29 Aug 2023
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This article is specifically about Australia. Globally, Netflix added 5.9 million subscribers after their password-sharing crackdown.
I hate to say it, but the crackdown worked exactly as intended.
https://www.bbc.com/news/business-66240390
And yet their stock dropped massively after revealing the 5 million gain because investors realize that it was a one time boost that won't help them in the long run.
They essentially showed the market their firm cap for revenue, and the market was like 'uhh thats it?'
None of that is based on reality anyways.
Dropped massively?
Are you looking at the gains in the past three years because what you're saying versus reality isn't true at all.