Despite a lot of rhetoric by customers about how they were sick of Netflix price hikes and headed to the exits, the company’s latest earnings report showed impressive growth. The company adde…
Here’s the thing: as subscriber growth becomes saturated, Netflix has to keep providing Wall Street with those sweet, improved quarterly returns at any cost. To do that they’re going to follow directly on the heels of the cable giants (like Charter and Spectrum) the company once disrupted. That means more and more price hikes, and greater and greater restrictions and annoyances.
There you go. Classic case of capitalism sucking dry any long term value of the company in pursuit of ever-increasing short term profit.
There you go. Classic case of capitalism sucking dry any long term value of the company in pursuit of ever-increasing short term profit.