On one hand, Netflix was the piracy killer, and ultimately forced out of that position. They started producing and purchasing their own content because they knew all major Hollywood studios would start their own walled gardens and pull their content.
On the other hand, Netflix can suck a bag of dicks because they — just like all publicly traded companies — solely exist to extract as much value from consumers as possible. They don't exist to produce art or entertainment. They exist to produce ever increasing profits — FOREVER — like a parasite. They enshittified all on their own accord, and would've abused and exploited their position if they were able to host all content or attain a monopoly to begin with.