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this post was submitted on 20 Jul 2023
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This strategy still seems very shortsighted. It was apparent that subscriptions would increase in the early days of password sharing restrictions, but once people realize they are paying a premium for a dwindling catalog of quality content and mediocre originals, these figures are likely to drop sharply.
But hey, the investors are shortsighted anyway and don't really care about sustainable growth when they can just pump and dump.