Netflix raises prices as password boost fades
Netflix raises prices as password boost fades

Netflix raises prices as password boost fades

Netflix is starting to raise prices in some countries as growth spurred by its crackdown on password sharing starts to fade.
The film and TV streaming giant said it had already lifted subscription fees in Japan and parts of Europe as well as the Middle East and Africa over the last month.
Changes in Italy and Spain are now being rolled-out.
In its latest results, Netflix announced that it had added 5.1 million subscribers between July and September - ahead of forecasts but the smallest gain in more than a year.
I don't see what would be wrong with a world where businesses just satisfied themselves with providing employees with a reasonable living, contributed to the communities they were in, and provided a good or service that was needed. Sitting under a tree and reading a book sounds better than watching the world burn in your name-brand clothes and 5 bedroom 2.5 bath house.
That sir, is communism. And we all learned from 80s action movies that communism is bad.
If the board doesn't maximize profit, the shareholders can sue them, so functionally they do have to.
TBF small businesses do this too on average. There's some that don't, but then there's also some that straight up do crime, usually against employees.
To solve this, you either want a well-regulated market, or no market (however that would work).
Plenty of privately owned companies do the same things so I don’t think it can be chalked up to an issue with publicly traded companies.
The minor difference is private can choose what they want to do. public has a fuduciary duty to increase value
It’s all about who owns it and is sitting on the board.
Bunch of old money type people? They don’t care too much about a bad year, more important to weather the storms and keep the generational money intact.
Venture capitalists? Jack Welch this dogshit company and get us some short term gains!
Publically traded companies only exist because capitalists willed it so. Capitalism will always seek the path to greatest profits for the capitalist class with little to no regard for the consequences of that