Netflix (NFLX) and the Streaming Wars Message Board

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Technology Stocks : Netflix (NFLX) and the Streaming Wars

NFLX 1,096

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To: Glenn Petersen who wrote (2122)	6/24/2022 7:53:34 PM
From: Zen Dollar Round	1 Recommendation Recommended By Glenn Petersen Read Replies (1) of 2280

Frankly I'm surprised at how badly Netflix seems to have been caught flat-footed by the loss of subscribers in the post-lockdown pandemic world and their stiff competition in the streaming space. At best Netflix executives were complacent and at worst arrogant about their leading market position. I'd assumed they had been testing an ad-supported subscription tier and a crackdown on account sharing for years, with plans to roll them out relatively quickly when needed. Apparently not. They've only dipped a testing toe into the account sharing issue in a few countries and are still a year away from bringing an ad tier to their subscription lineup. Instead they made forays into the very crowded gaming market and selling Netflix branded merchandise, like plush toys. Huh? Reminds me of Apple's arrogance in the 80's with the Mac and its 50% margins that kept them from licensing the OS to the many companies that would have paid for the privilege at that time.

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