Re: Obama felching Netflix is in rough shape, this week will determine its future

[Bruce Springsteen has always sucked]

In article <t2fv4v$3jh46$1...@news.freedyn.de>
<governo...@gmail.com> wrote:
>

Hah! Did you fools actually think people would pay to see a
couple of black con artists named Obama?

Here's a big, FUCK YOU!

(CNN) — Netflix, once a darling of Wall Street, is suddenly on
the ropes.

The streaming giant will report its second-quarter earnings on
Tuesday, and it’s shaping up to be one of the most consequential
moments in the 25-year history of the company.

Netflix is having a terrible year. In April, the company
reported that it had lost subscribers in the first quarter of
2022 — the first time that had happened in any quarter for more
than a decade. Netflix’s stock subsequently burst into flames
(it’s currently down about 70% so far this year), wiping out
billions of dollars in market value, and the company laid off
hundreds of employees.

The loss of subscribers wasn’t the only problem that caused
Netflix’s world to be turned upside down like the kids on
“Stranger Things.” A weak outlook for the second quarter shocked
investors: Netflix predicted it would lose another 2 million in
the spring.

Whatever happens Tuesday could reshape the future of the company
as well as the entire streaming sector. As goes Netflix, so goes
streaming.

“There will be hell to pay if they report a number that is
significantly higher than the 2 million loss being thrown
around,” Andrew Hare, a senior vice president of research at
Magid, told CNN Business.

The streaming market has matured and saturated, Hare noted. So
investors will be asking: “What’s next and where is the growth
going to come from?”

Netflix is pinning its hopes on potential savior: advertising.

The company announced Wednesday that it will partner with
Microsoft on a new, cheaper ad-supported subscription plan.
Despite Reed Hastings, Netflix’s CEO, being allergic to the idea
for years, advertising is now a major part of Netflix’s plans to
boost revenue going forward. The new tier will reportedly come
before the end of 2022, but Netflix admits its nascent ad
business is in its “very early days.”

The company is also focusing on clamping down on password
sharing and focusing on creating compelling content to help turn
the tide.

But will any of that matter if Tuesday’s numbers are so
lackluster that Wall Street fully turns its back on Netflix?

“Once Netflix becomes heavily undervalued by the market, all
bets are off,” Hare said.

The streamer does have some things working in its favor, however.

For starters, it’s still Netflix — the streaming leader with
221.6 million subscribers worldwide. It’s also reporting numbers
in a marketplace that’s presenting factors out of Netflix’s
control, such as soaring inflation. So it has those excuses it
can rely on to possibly soften the blow with investors.

“Investors will give them time to right the ship but they need
to hear more solid plans about the path towards immediate
growth,” Hare said. “It’s all about communicating how they are
evolving the business to ensure they continue to win in
streaming… No one has the stomach for a business losing millions
of subscribers every quarter.”

https://www.wishtv.com/news/entertainment-news/netflix-is-in-
rough-shape-this-week-will-determine-its-future/