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Personal Finance and Investing

PatSeg

(49,793 posts)

9. They raised their rates one time too many recently

Reply to bif (Original post)

Tue Apr 19, 2022, 05:33 PM

Apr 2022

As far as I could tell, they were the most expensive streaming service available, though hardly the best. They were even higher than HBO Max. After using their service for over fifteen years, that increase was the final straw and I canceled. I kind of believe I probably wasn't the only one, so that may have helped contribute to poor earnings.

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Wow! Netflix sure got killed after announcing earnings after hours [View all] bif Apr 2022 OP

not sure why this is so stunning qazplm135 Apr 2022 #1

Not surprised at all vercetti2021 Apr 2022 #2

I thought it was doing well with hit show bridgerton Demovictory9 Apr 2022 #3

"Netflix shares drop 26% after it loses 200K subscribers"... PoliticAverse Apr 2022 #4

Well, I'm about to cancel piddyprints Apr 2022 #5

Sadly they were in my portfolio - the tech companies that have very high PE's walkingman Apr 2022 #6

Earnings precipitated the drop, but I think the stock has been overpriced for a while Auggie Apr 2022 #7

Netflix failed in their primary objective localroger Apr 2022 #8

They raised their rates one time too many recently PatSeg Apr 2022 #9

You weren't the only one.... Boxerfan Apr 2022 #10

I just read another post PatSeg Apr 2022 #12

Not worried about Netflix, or it's investors. bluedigger Apr 2022 #11

I feel the same way and am turning to sports and classic films Auggie Apr 2022 #13