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Netflix in free fall after Hiring the Obamas.

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Casca XV

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On March 18, 2018 Netflix announced a deal with Barack and Michelle Obama to produced material for that streaming service. Since then Netflix has lost 800,000 subscribers and their stock has dropped 37%.

Most MSM have reported the Netflix loses but seem to be deliberately ignoring the perfect correlation between the Obama deal and the free fall.



Netflix Loses 800,000 Subscribers, Stock Drops 37 Percent

Netflix faces backlash after Barack, Michelle Obama deal from conservatives - Business Insider

Netflix Users Threaten Boycott Over Obama Content Deal | Fortune

https://www.rushlimbaugh.com/daily/2018/07/17/netflix-in-freefall/
 
One of my coworkers told me her and her husband immediately canceled their subscription after hearing about the Obamas. I had to suppress an eyeroll.
 
Here's the chart:
https://www.marketwatch.com/investing/Stock/NFLX

Hint - zoom to 6 months.

Here's what seems to be causing the drop right now:
https://www.thefader.com/2017/07/31/netflix-20-billion-debt
Netflix's enormous spending on original content has led the streaming video platform to accrue $20.54 billion "in long term debt and obligations," according to a report in the Los Angeles Times.

The company is expected to spend $6 billion on original content this year, with an undetermined budget spent on licensing fees for programs from TV studios. Its net cash outflow will increase this year to $2.5 billion, up from $1.7 billion, and the company expects “to be free-cash-flow negative for many years."

Investors seem content with Netflix's financial game plan, and are hopeful that debt financing will "create growth" in the short term. The company has continued to build its base of subscribers paying for the service (104 million, up 25% from 2016) and gather critical acclaim for original shows – its programming won 91 Emmy nominations last year spread over 50 shows.

However, some industry experts are warning of a "Netflix bubble" if the platform's original content fails to keep attracting users. “I think they're going to need some luck in not drowning in debt in the ultimate slowdown of growth,” said media consultant Mike Vorhaus, while analyst Michael Pachter warned of "a looming write-down."
Click to expand...

They have over 50M subscribers:
https://www.statista.com/statistics...r-of-netflix-streaming-subscribers-worldwide/

But, keep your head up limbaugh's if you like.

I don't use Netflix or own the stock, so I don't really care.
 
Casca XV said:
On March 18, 2018 Netflix announced a deal with Barack and Michelle Obama to produced material for that streaming service. Since then Netflix has lost 800,000 subscribers and their stock has dropped 37%.

Most MSM have reported the Netflix loses but seem to be deliberately ignoring the perfect correlation between the Obama deal and the free fall.



Netflix Loses 800,000 Subscribers, Stock Drops 37 Percent

Netflix faces backlash after Barack, Michelle Obama deal from conservatives - Business Insider

Netflix Users Threaten Boycott Over Obama Content Deal | Fortune

https://www.rushlimbaugh.com/daily/2018/07/17/netflix-in-freefall/
Click to expand...

cause-effect-difference-correlation-causation-explained-37904189.jpg
 
Casca XV said:
On March 18, 2018 Netflix announced a deal with Barack and Michelle Obama to produced material for that streaming service. Since then Netflix has lost 800,000 subscribers and their stock has dropped 37%.

Most MSM have reported the Netflix loses but seem to be deliberately ignoring the perfect correlation between the Obama deal and the free fall.



Netflix Loses 800,000 Subscribers, Stock Drops 37 Percent

Netflix faces backlash after Barack, Michelle Obama deal from conservatives - Business Insider

Netflix Users Threaten Boycott Over Obama Content Deal | Fortune

https://www.rushlimbaugh.com/daily/2018/07/17/netflix-in-freefall/
Click to expand...

Correlation hardly implies causality. This is pretty dumb.
 
Could also be that the price went up many places around the world....

Sendt fra min SM-N9005 med Tapatalk
 
I was looking at this as long ago as two years ago....The Netflix Stock price and as well the plan of Netflix both never made a lick of sense.....this is a con job just as is MoviePass is and a bunch of other outfits. Loading up big on debt producing a lot of mostly poor quality content in order to get subscribers will not work because the subscribers can leave at any time, and will when someone offers a better deal, as they will either by offering better content (If Hollywood can manage, a real question mark), or a better price because they dont have all that debt to pay.

NetFlix is a Hocus Pocus Company, currently working on collecting fools and their money before they go tits up.
 
Wow, this thread has been demolished by facts.

But one must wonder what kind of nutjob cancells Netflix because they made some deal with Obama to produce some shows. Uhmm..just don't watch those shows.

I say stop watching the NFL, stop watching Netflix, stop drinking Starbucks, throw away your iPhone and go live in a cave.
 
Netflix added 5 million customers, but Wall Street is panicking

7/17/18
The media industry has turned itself upside down to do battle with Netflix. Cable companies and movie theaters are losing customers in droves. They'd all love to have the problem that Netflix had last quarter. In a letter to shareholders, Netflix (NFLX) said it had a "a strong but not stellar" second quarter. What's "not stellar" for Netflix? $384 million in profit (up six-fold from a year ago), on $3.9 billion in sales (up 40%). Hollywood would kill for that kind of growth.
Click to expand...

Gee, not a single word about the Obama's in that entire Money.com article concerning Netflix. Wall St. thought Netflix should have added more customers. Maybe this quarter.
 
SonOfDaedalus said:
Wow, this thread has been demolished by facts.

But one must wonder what kind of nutjob cancells Netflix because they made some deal with Obama to produce some shows. Uhmm..just don't watch those shows.

I say stop watching the NFL, stop watching Netflix, stop drinking Starbucks, throw away your iPhone and go live in a cave.
Click to expand...

The NFL is in deep deep trouble as well....

Starbucks maybe...
 
Hawkeye10 said:
I was looking at this as long ago as two years ago....The Netflix Stock price and as well the plan of Netflix both never made a lick of sense.....this is a con job just as is MoviePass is and a bunch of other outfits. Loading up big on debt producing a lot of mostly poor quality content in order to get subscribers will not work because the subscribers can leave at any time, and will when someone offers a better deal, as they will either by offering better content (If Hollywood can manage, a real question mark), or a better price because they dont have all that debt to pay.

NetFlix is a Hocus Pocus Company, currently working on collecting fools and their money before they go tits up.
Click to expand...

Amazon couldn't beat NetFlix even with free Amazon video for prime members. NetFlix is expanding its presence internationally.

If you're so sure, why don't you mortgage your house and short the stock? Good luck.
 
Casca XV said:
On March 18, 2018 Netflix announced a deal with Barack and Michelle Obama to produced material for that streaming service. Since then Netflix has lost 800,000 subscribers and their stock has dropped 37%.

Most MSM have reported the Netflix loses but seem to be deliberately ignoring the perfect correlation between the Obama deal and the free fall.



Netflix Loses 800,000 Subscribers, Stock Drops 37 Percent

Netflix faces backlash after Barack, Michelle Obama deal from conservatives - Business Insider

Netflix Users Threaten Boycott Over Obama Content Deal | Fortune

https://www.rushlimbaugh.com/daily/2018/07/17/netflix-in-freefall/
Click to expand...
Post hoc ergo propter hoc.
 
Casca XV said:
On March 18, 2018 Netflix announced a deal with Barack and Michelle Obama to produced material for that streaming service. Since then Netflix has lost 800,000 subscribers and their stock has dropped 37%.

Most MSM have reported the Netflix loses but seem to be deliberately ignoring the perfect correlation between the Obama deal and the free fall.



Netflix Loses 800,000 Subscribers, Stock Drops 37 Percent

Netflix faces backlash after Barack, Michelle Obama deal from conservatives - Business Insider

Netflix Users Threaten Boycott Over Obama Content Deal | Fortune

https://www.rushlimbaugh.com/daily/2018/07/17/netflix-in-freefall/
Click to expand...

Gosh; when I bought Netflix stock it was like 35 or 36 back in 2003; I have been a customer since 2002....

they have made me very very happy!

this is a strange company...because they have about 130 million customers,,,more than 1/3 of US are Netflix customers..this market will not grow much after that no matter what programming they show or don't show.

BTW correlation does not mean causation!

Diving Mullah
 
SonOfDaedalus said:
Amazon couldn't beat NetFlix even with free Amazon video for prime members. NetFlix is expanding its presence internationally.

If you're so sure, why don't you mortgage your house and short the stock? Good luck.
Click to expand...

On par with the delusion that the American economy is great even as we refuse to pay our bills, sending them instead to future generations.....

Growth paid for with massive debt is losing not winning almost always, and most certainly is losing with what is being purchased with the debt is low quality, as is much of this stuff that Netflix is making...paying top dollar for this low quality content to boot.
 
Casca XV said:
On March 18, 2018 Netflix announced a deal with Barack and Michelle Obama to produced material for that streaming service. Since then Netflix has lost 800,000 subscribers and their stock has dropped 37%.

Most MSM have reported the Netflix loses but seem to be deliberately ignoring the perfect correlation between the Obama deal and the free fall.



Netflix Loses 800,000 Subscribers, Stock Drops 37 Percent

Netflix faces backlash after Barack, Michelle Obama deal from conservatives - Business Insider

Netflix Users Threaten Boycott Over Obama Content Deal | Fortune

https://www.rushlimbaugh.com/daily/2018/07/17/netflix-in-freefall/
Click to expand...

I mean, it's stupid. You can just not watch their programming. I'm not sure it's worth canceling, particularly if there were things one liked to watch.

I'm no fan of Obama, but I won't cancel my Netflix because of him.
 
Phys251 said:
cause-effect-difference-correlation-causation-explained-37904189.jpg
Click to expand...

This is why I never eat ice cream at the beach, rather while sitting on the couch, feet on the coffee table, the sound system blaring. No sharks, no sand, and the dog is ready to clean up any drips or drops.
 
SonOfDaedalus said:
Wow, this thread has been demolished by facts.

But one must wonder what kind of nutjob cancells Netflix because they made some deal with Obama to produce some shows. Uhmm..just don't watch those shows.

I say stop watching the NFL, stop watching Netflix, stop drinking Starbucks, throw away your iPhone and go live in a cave.
Click to expand...
You just don't realize the cultural marxism these poor "economically anxious real Americans" are up against. It's a war out there brother. They're under a lot of pressure and globalists like Soros and his puppet Obama are trying to take everything away from them.

Why are you such an elitist, coastal, deep-state globalist monster?
 
Casca XV said:
see #17
Click to expand...

No, correlation never implies causality. That doesn't mean there's never actual causality.

Could be Netflix's crappy original movies driving customer desertion.
 
Casca XV said:
On March 18, 2018 Netflix announced a deal with Barack and Michelle Obama to produced material for that streaming service. Since then Netflix has lost 800,000 subscribers and their stock has dropped 37%.

Most MSM have reported the Netflix loses but seem to be deliberately ignoring the perfect correlation between the Obama deal and the free fall.



Netflix Loses 800,000 Subscribers, Stock Drops 37 Percent

Netflix faces backlash after Barack, Michelle Obama deal from conservatives - Business Insider

Netflix Users Threaten Boycott Over Obama Content Deal | Fortune

https://www.rushlimbaugh.com/daily/2018/07/17/netflix-in-freefall/
Click to expand...

Lol, you have to be really dumb to cancel nextflix for having a show about a former President. Like really a partisan hack.
 
<alt>doxygen said:
Here's the chart:
https://www.marketwatch.com/investing/Stock/NFLX

Hint - zoom to 6 months.

Here's what seems to be causing the drop right now:
https://www.thefader.com/2017/07/31/netflix-20-billion-debt


They have over 50M subscribers:
https://www.statista.com/statistics...r-of-netflix-streaming-subscribers-worldwide/

But, keep your head up limbaugh's if you like.

I don't use Netflix or own the stock, so I don't really care.
Click to expand...

Rush is someone the Leftist MSM love to refute. If they can prove him wrong it's blasted out as front page news. That they are silent on this says it all.

Your example would not cause a loss of subscribers.
 
Casca XV said:
On March 18, 2018 Netflix announced a deal with Barack and Michelle Obama to produced material for that streaming service. Since then Netflix has lost 800,000 subscribers and their stock has dropped 37%.

Most MSM have reported the Netflix loses but seem to be deliberately ignoring the perfect correlation between the Obama deal and the free fall.



Netflix Loses 800,000 Subscribers, Stock Drops 37 Percent

Netflix faces backlash after Barack, Michelle Obama deal from conservatives - Business Insider

Netflix Users Threaten Boycott Over Obama Content Deal | Fortune

https://www.rushlimbaugh.com/daily/2018/07/17/netflix-in-freefall/
Click to expand...

People vote with their wallets. That being said, if the content is good, they'll be back. I'm a HUGE Obama hater and I haven't cancelled my subscription yet.
 
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