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submitted 2 years ago by reddig33@lemmy.world to c/television@lemmy.world

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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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[-] Red0ctober@lemmy.world 102 points 2 years ago

Turns out infinite growth isn't possible and consumers will move on when a service becomes stale.

[-] Hikiru@lemmy.world 62 points 2 years ago

What is it with the obsession with infinite growth for every company anyways? Why can’t they be happy with a stable, still extremely high, income? The people at the top already have more money than they need but still want more for no reason

[-] Uphillbothways@lemmy.world 59 points 2 years ago

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.

[-] thedarkfly@feddit.nl 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...

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this post was submitted on 20 Jul 2023

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