this post was submitted on 20 Jul 2023
154 points (92.3% liked)

Television

4602 readers
33 users here now

founded 1 year ago
MODERATORS
NewsAutoMod@lemmy.world
automodbeta@lemmy.world
154
Netflix earnings down (www.msn.com)
submitted 1 year ago by reddig33@lemmy.world to c/television@lemmy.world
31 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] 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.