When will the greed stop? At what point will these corporations realize that the average American is completely stretched thin financially and will have to cease unnecessary expenses? They’re all just shooting themselves in the foot.
We keep saying this but they keep profiting more and more every time lol. Remember when everyone on reddit was gonna quit Netflix for the password sharing block? Ya, their users increased afterwards.
If Netflix is out right lying, I’m sure stockholders would be happy and not tank the stock at all
As consolidation continues corporations do not need to compete on prices as there are no alternatives. Yes people will pirate but they’ve already lobbied vendors to embrace DRM and governments to make it illegal so that makes it as annoying as possible.
Are we reading the same thing? Netflix has more competition now than it ever has. When Netflix had cheaper prices when it has no competition than it does now. Piracy has been making a huge resurgence as well.
“More competition” meaning less access, people having to pay for multiple different services instead of having it in one place.
The competition should be about having the best platform, not exclusive content. There’s no reason why the same show couldn’t be on two different platforms. And available globally. Practically, all you really need is more local servers for where there’s more traffic.
When Netflix started they entered the market as a licensor of content from studios to be distributed as part of a streaming service.
This possibility largely no longer exists. All of the studios have bought out competition, stopped licensing a lot of their popular content, and now release their content themselves. This means there is little competition in the film distribution market for streaming, beyond PayPerView.
It‘s laughable to expect corporations to act against their only purpose. As soon as a company sells shares it takes the route of infinite growth which is impossible. First they grow their user base and once they start to inevitably stagnate, they start milking their costumers, shaving off features and laying off workers in order to grow their income. It is really the only way for them to remain existent when the market is saturated. They cannot stay in business when they make billions a year when these billions aren‘t even more billions than last year. You can‘t attract new investors that way and therefore cannot continue to exist. Enshittyfication only just started. It cannot possibly get better when they can‘t expand their user base, only worse. They know they will self destruct eventually, but that doesn‘t matter as long as shareholders get their piece of the cake and jump ship to sink the next one. Just being a massively profitable company is bad business if you‘re not growing. That‘s the state of capitalism we‘re in.
As soon as a company sells shares it takes the route of infinite growth which is impossible
yeah, the stock market makes that a company that is stable and generates a reliable income each year is seen as bad, but a company that has large grow in obviously unsustainable speed, which doesn’t have plans on how to ever become profitable is good (i am not specifically taking about netflix here)
Seems like, at a certain point in your growth and success, you could use your billions to buy back stock. That could keep the stock price high, which keeps investors happy. Once you’ve bought back enough stock, you can effectively go private again, with all of the growth paid for by investors.
Incorrect.
It will stop when our species exterminates itself out of greed.
Climate change will probably only thin our numbers by the billions as a result of of the owner’s greed, but then they want to profit off AI, and CRISPR, and innumerable other potentially profitable means to our self-extinction.
The greed will stop when all the humans are dead almost certainly by our own hands, and humans are actively working to accomplish this.
As long as people pay for it and they make massive profits through it.
I mean, look at the last situation in which netflix addressed account sharing. Their user number actually increased because of it from what I have read.
Those people that can’t afford it will most likely switch to a less expensive tier and then probably see ads. I have seen that recently with my father who wasn’t even bothered or annoyed by the constant ads while watching a single episode.
