this post was submitted on 20 Jul 2023
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Netflix earnings down (www.msn.com)
submitted 1 year 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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[–] Uphillbothways@lemmy.world 59 points 1 year ago (2 children)

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.

[–] nyar@lemmy.world 6 points 1 year ago (1 children)

Not really broken if that's always been it's core tenet. It's working as designed.

[–] biddy@feddit.nl 5 points 1 year ago (1 children)

It's broken because infinite growth on a finite planet is impossible.

[–] nyar@lemmy.world 2 points 1 year ago (1 children)

Sure, in reality. Capitalism isn't designed around reality.

[–] biddy@feddit.nl 1 points 1 year ago (1 children)

So it's broken. Because it doesn't work in reality.

[–] nyar@lemmy.world 3 points 1 year ago

It's functioning exactly as designed. That's not broken.

[–] thedarkfly@feddit.nl 3 points 1 year 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...