this post was submitted on 29 Aug 2023
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200,000 users abandon Netflix after crackdown backfires (www.forbes.com.au)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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200,000 users abandon Netflix after crackdown backfires::Aussies have spoken, and the results are not looking good for Netflix. A new report reveals why users are turning to streaming competitors.

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[–] Blaidd@lemm.ee 33 points 1 year ago (4 children)

And yet their stock dropped massively after revealing the 5 million gain because investors realize that it was a one time boost that won't help them in the long run.

[–] agitatedpotato@lemmy.dbzer0.com 16 points 1 year ago

They essentially showed the market their firm cap for revenue, and the market was like 'uhh thats it?'

[–] money_loo@lemmy.world 6 points 1 year ago

None of that is based on reality anyways.

[–] Potatos_are_not_friends@lemmy.world 1 points 1 year ago

Dropped massively?

Are you looking at the gains in the past three years because what you're saying versus reality isn't true at all.