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Netflix just axed its basic ad-free plan in the US and UK
(www.theverge.com)
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this post was submitted on 19 Jul 2023
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What is it with tech companies and bad decisions lately
When your cow can no longer produce enough milk to sustain an infinite growth, you just need to squeeze harder.
Poor teats...
But the reality is that Netflix’s decision has turned into a good business decision. People who lost access to a shared account have created one. Something like 6M new accounts.
Time will tell. Wait 12 months then let’s see the membership and profits reported.
As with the market, enough people don't know or care to vote with our wallets, pricing for near everything will only ever get worse which is why others will have to turn back to piracy.
They are making a profit in the existing system. But they are ruining the business by acting on the urge to make more Profit.
Ahh...the inherent problem of capitalism.
The VC money has dried up. Everyone is now being forced kicking and screaming into being profitable, and in the process are killing their platforms as a side effect.
It’s been slowly happening since ~2019, the pandemic accelerated it and then the crazy inflation drove the nail home.
The VC money has dried up. Everyone is now being forced kicking and screaming into being profitable, and in the process are killing their platforms as a side effect.
It’s been slowly happening since ~2019, the pandemic accelerated it and then the crazy inflation drove the nail home.