Technology

59392 readers

4208 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

973

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

189 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] SMITHandWESSON@lemmy.world -2 points 1 year ago (2 children)

Cool, but that analogy doesn't work with how companies are valued.

The only thing that matters to the stock market is growth. It doesn't matter how you get there (most of the time), as long as you're posting positive numbers and your outlook looks good.

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

That's not the argument you were making.

[–] theluckyone@lemmy.world 0 points 1 year ago (1 children)

Ah, my apologies... You're not the original commenter. Point still stands, though... It's not the argument the original commenter put forth.

[–] SMITHandWESSON@lemmy.world -2 points 1 year ago (1 children)

Netflix can't implement three different changes to its business model and then cherry pick one of those changes as the reason for the increased revenue.

Bro it's not a guessing game they release this information in thier quarterly financial statements....

https://ir.netflix.net/financials/quarterly-earnings/default.aspx

Tackling account sharing between households has been another focus as it undermines our ability to invest to improve Netflix for our paying members and grow our business. In May, we expanded paid sharing to 100+ countries, which account for over 80% of our revenue.

The cancel reaction was low and while we’re still in the early stages of monetization, we’re seeing healthy conversion of borrower households into full paying Netflix memberships as well as the uptake of our extra member feature. We are revenue and paid membership positive vs. prior to the launch of paid sharing across every region in our latest launch

[–] theluckyone@lemmy.world 2 points 1 year ago

Feeling a bit like a broken record. Alrighty, bro... You explain to me what metrics Netflix is using to differentiate the impact their password sharing policy changes made opposed to the other changes they made. I read over their documentation, and didn't see it.