With the subscriber loss in the first quarter of 2022 and guidance for further subscriber deterioration in the second quarter, the weaknesses in Netflix’s business model are undeniable, as we’ve been pointing out for years. Strong competition is taking market share, limiting pricing power and making it clear that Netflix cannot generate anything close to the growth and profits implied by the current stock price. Netflix lost 200,000 subscribers in the first quarter, the company’s first subscriber loss in 10 years. Read More...
With the subscriber loss in the first quarter of 2022 and guidance for further subscriber deterioration in the second quarter, the weaknesses in Netflix’s business model are undeniable, as we’ve been pointing out for years. Strong competition is taking market share, limiting pricing power and making it clear that Netflix cannot generate anything close to the growth and profits implied by the current stock price. Netflix lost 200,000 subscribers in the first quarter, the company’s first subscriber loss in 10 years.
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