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.
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.
Not really broken if that’s always been it’s core tenet. It’s working as designed.
It’s broken because infinite growth on a finite planet is impossible.
Sure, in reality. Capitalism isn’t designed around reality.
So it’s broken. Because it doesn’t work in reality.
It’s functioning exactly as designed. That’s not broken.
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…