Do some simple calculations, NetFlix will be making alot more money unless they lose several million customers. A few thousand posters on a forum and FaceBook isn't gonna matter. Even if they lose 2 1/2 million subscribers they will still be making ALOT more money and cut expense at the same time. NetFlix did not do this on a whim they have a real good idea what the customer loss was going to be compared with the increase in the revenue stream.
If they lose 2.5 million customers, they will be insolvent within 60 days. They are $140 million short on their liquid net assets at 7/31. Growth and access to long term debt allowed that. Cutting growth and $50 million in billings the next 2 months puts them in bankruptcy court
Nope, they took a look at what we paid in the past....when we all had jobs, and that was an error. We can no longer afford what we did in the past. My wife has been out of work for a year, and that has cost our family over 100k so far. I make good money, and I am going to cancel....just because I don't like a company that tries to SCREW ME. I am one of the people that will never come back. I boycott for life. I will however, buy some puts and also short the stock.
It was all about subs growth, right ? You may increase revenue per customer but if subs are not growing, Net flix will be doomed. Their DVD model is not sustainable and cost too much money on shipping.
In my opinion they shouldn't have raised the price again. someone mentioned I haven't looked it up yet but netflix raised the prices just a few months ago.
For starters you don't raise prices so close to each other like that common business sense. You do it once a year or 2 and in small increments. They raised it again but at a huge price increase. This is not gonna bode well for netflix in the long run.
If Netflix had a monopoly I could see how they could do this but when you have Hulu, blockbuster online and amazon prime you don't want to play with fire and netflix is gonna get burned.
store of value:A recognized form of exchange can be a form of money or currency, a commodity like gold, or financial capital. you're either an idiot or just using hyperbole to pump up this piece of crap...that's professional
lol a store of VALUE?!
Everyone is canceling...their growth will be in a negative territory and they have a PE Of 83?!?!
Give me a break. Based on this massive community backlash (everyone is switiching to better and more affordable alternatives) Netflix's PE should be around 20 or maybe lower.
That would make this a $50 to $60 stock which is NFLX's real price.