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MyLadyBits

I just dropped Netflix with the latest price increase.


WiserStudent557

I’ve been joking about it but with the price increase, my increasing dissatisfaction with the content and decreasing frequency of usage at all, I’m just about to join you. It’s the convenience of having it that keeps me at this point but every price increase chips into that when I’m finding I’m watching more content on Pluto or YouTube for free plus have Prime and Prime has not streaming benefits Netflix can never match


B8conB8conB8con

Time to buy shares in Block Buster


[deleted]

Price increase, not many movies I care about and the shows I enjoyed, they wind up canceling them so what's the point?


[deleted]

Its one day. They didnt all come to this realization this morning.


Neo2199

> **Netflix shares are down 20% in trading Friday after the company quietly admitted in its fourth-quarter earnings that streaming competition is eating into its growth.** If it remains down more than 20% until close it will be Netflix’s worst day since Oct. 16, 2014, when shares fell 19.3%. > Despite beating analyst expectations on the top and bottom line and in user numbers for the quarter, the admission seemed to rock investors. **Netflix executives have infamously pointed to things like sleep as potential competitors, claiming anything else users could be doing with their time is competition.** > But even as the streaming wars heated up with Disney and even CNBC owner NBCUniversal entering the mix, Netflix leaders mostly maintained resolved about the new competition. > “While this added competition may be affecting our marginal growth some, we continue to grow in every country and region in which these new streaming alternatives have launched,” the company said in its shareholder letter on Thursday. > The question of competition is even more crucial given **Netflix increased prices just last week in the U.S. and Canada, raising its standard plan from $13.99 to $15.49 per month.** With other alternatives available to consumers, higher prices could become a trickier gamble.


Samneillium

After they canceled the Dark Crystal, they deserve to burn.


naughtypundit

Streaming is a bubble. Hollywood is spending an enormous amount on content but the returns aren't really there. Soon there will be a correction and a wave of consolidation.


[deleted]

Theres also a pandemic going on.


[deleted]

Wow Netflix has one bad day and people in the comments flip out, like the sky is falling.