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Netflix Heads for Worst Day in Two Decades as Investors Hit 'Not For Me'

 2 years ago
source link: https://news.slashdot.org/story/22/04/20/1554215/netflix-heads-for-worst-day-in-two-decades-as-investors-hit-not-for-me
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Netflix Heads for Worst Day in Two Decades as Investors Hit 'Not For Me'
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Netflix Heads for Worst Day in Two Decades as Investors Hit 'Not For Me' (reuters.com) 151

Posted by msmash

on Wednesday April 20, 2022 @12:00PM from the trouble-in-paradise dept.

Netflix shares lost over a third of their value on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in the face of fierce competition and post-pandemic viewer fatigue. From a report: The streaming pioneer's shares fell 37% to $220.40 and were headed for their worst day in nearly 18 years if the losses hold. More than a dozen analysts rushed to temper their views on a stock that has been a red-hot market performer in the past few years. "Netflix is a poster child for what happens to growth companies when they lose their growth," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh. Elon Musk weighed in on Netflix's subscriber loss by responding to a Slashdot tweet, saying "the woke mind virus" is making the streaming platform "unwatchable." He added, "Can they please just make sci-fi/fantasy at least *mostly* about sci-fi/fantasy?"

Thank goodness lord musk weighed in.

im sure it has nothign to do with the massive loss of russian accounts or people cancelling because they raised the price again and are cracking down on account sharing.

its unwatchably woke, thats the reason.

  • Re:

    In two completely unrelated events the ruble is being artificially propped up and will soon collapse and Marjorie Taylor Green’s campaign is deep in the red.

    • Re:

      s/red/orange
  • My initial reaction to Musk's take was "you know what they say, if you're 20 and conservative, you have no heart; but if you're 40 and conservative, you have no brain"
    • Re:

      Well, it was a very different meaning of conservative, but the quote was (approx.) "if you're over 40 and not conservative, you have no brain" https://quoteinvestigator.com/... [quoteinvestigator.com]

      I kept my paraphrase as close to your version as possible, but folow the link to see the original.

      • Re:

        To be conservative no longer has a meaning in the U.S.

        A conservative should for example be an environmentalist as they should want to preserve the environment to maintain the status quo.

        • Re:

          I know many conservative environmentalists. They're just not chaining themselves to trees or screeching about the end of civilization in ten years.
          • Re:

            So they're not OK with environmental collapse, just OK with everything that leads to it.
        • Re:

          Are you sure you didn't mean "conservationist"?
      • Re:

        The right is pretty consistent about projecting their own inadequacies on everyone else. My version fixes it for accuracy.
    • Re:

      My favorite version was: "To be young and conservative is heartless; to be old and liberal is stupid."
      • Re:

        Well, if that's not a picture of Joe McCarthy's wettest dream, I don't know what was. Also, Slashdot is not your personal erotica site.
        • Re:

          What in the holy hell are you talking about?
          • Re:

            Calling out your pro-fascist take. McCarthy would have been proud.
            • Re:

              Wow. So in your world, saying the word 'conservative' automatically equals fascist+McCarthy, and requires you to comment on that. And I still didn't understand your 'erotica' comment. Comments work best when you stay on topic.
    • Re:

      "If you're rich and not tweeting nonsense, you're not rich enough!"

  • Re:

    It turns out people don't really like preachy content. Which is what a lot of content nowadays is. That words seems an accurate descriptor for a lot of content nowadays.

    Have you ever watched something "preachy" in your life? Of course you have. We all have. You know, with the tedious, over-the-top moralizing? Probably a lot of Christian content classifies.

    But this is what "mainstream" content has become: preachy. And it turns out that people don't like "woke preachy" any more than they like "Christian
    • Re:

      Thank you, this is a very apt word for the problem at hand. It's not so much that it's woke. I can disagree with woke ideas without walking out of a cinema... but this arrogance of shoving it in people's faces like they want to say, and in some cases literally do, "this is SO obvious, you must be really dumb to not be on board with it yet".

      Meanwhile just about everything that ideology touches turns to toxic waste, pun intended. And then people wonder why it doesn't sell.

      Frankly I'm looking for a definition/

    • Re:

      I think this comment nailed it. My mom (a devout Christian) likes to watch sunday televangelists and those goofy Christian movies like "Left Behind". I can't stand that moral grandstanding crap.

      The same goes for the opposite end of the spectrum though. "Woke" is just the left's version of "Holy". Sinner if you're right, bigot if you're left.

      There's just a lot of people in the middle who want to be left the hell alone. They wander to the right, get annoyed, then wander to the left, get annoyed, and then

  • Re:

    Woke is part of the problem. About 20% of content is now purely woke. The remaining content all has woke features, like every doctor must be black, every CEO must be a woman, every group of kids contains all races, every show has at least one gay character, men are always buffoons, women are always the wise ones, etc.

    But, the root problem is that (a) there is less and less interesting content, woke or not, and (b) because of their idiot user interface that prevents you from saying "never recommend this ag

      • Re:

        I love idea of how all the ranting about "wokeness" and how "I don't watch woke shit" is somehow not virtue signaling itself.

        News flash: Politics is nothing but virtue signals. You do it, I do it, Musk does it, everybody running for office does it.

        • Re:

          Not necessarily. Some people don't talk about politics, but what they do still has political effects. Basically, the silent majority.

          There are a lot of people who for better or for worse feel like they're being clubbed over the head with the diversity bat in regards to modern TV programming. Many of them aren't even complaining, but they've silent stopped watching and eventually, they silently cancel their unused subscriptions. That's not virtue signaling - it's just voting with you wallet.

      • Re:

        No, the funniest thing about Musk is pretty much everything he says publicly. The man's funnier than Bill Cosby, and almost as popular, these days!
      • I think the real issue is no one really knows what wok means.

        Oh no, a show has a minority performer who is not playing a character that plays on defined stereotypes. WOK!!
        OMG there is a person who cares about the environmental impact of their decisions. WOK!!
        Gee look at that guy who is trying to understand someone else's differences and not prejudge them unfairly. WOK!!!
        The Horror of that guy who voted for a Democrat, because the republican counterpart is objectively a Crazy Idiot who doesn't care about anything but himself. WOK!!

        I am willing to bet a good 75+% of the population, has a stance or belief, or does a thing that would be considered wok, because they are just trying to do what is the right thing in general, and care about other people beyond just how to use them. Then a good portion of that 25% left behind, are just stupid and brainwashed to follow the party line from that smaller percentage who is just trying to use people.

        The term Wok, was suppose to be people who were part of the Majority who were awaken or WOKed up to seeing the injustice in America and the rest of the world.

        • Re:

          You and I are of like mind on this. Anything that is deemed in any way socially conscious appears to be woke and it just doesn't make sense that anyone would refuse to watch things that aren't Leave it to Beaver. Their appears to be large swaths of the country but also the world that really just want to stick their heads in the sand and ignore all the problems of society usually because they are living comfortably and understandably want to continue to live comfortably.

          Unfortunately ignoring a problem does

          • Re:

            If you dig into Leave it to Beaver, you can actually find some subtle progressive values within it highly censored and propaganda version of the Ideal America!

            Eddie Haskell a personification of the White Picket Fence of the 1950's. While publicly seeming to be a proper kid to the adults, overly polite well dressed and mannered, is actually a lot of trouble behind the surface and only really known to the people in his inner circle.

            As well as many of the secondary characters who are not so perfect like the C

        • Re:

          It's because all the un-woke people are required to watch news and talk channels dominated by heads complaing about how everything is woke. The problem vanishes if people just stop listening to Tucker Carlson and the politicians who suck up to Carlson (ie, Ted Cruz). A lot of politicians think that if they call something they don't like "woke" that it will get them votes.

          As far as I can tell, "woke" means not being stuck with 1950s standards and mores, so that the politicians who actually want to go back

          • Re:

            And not even the 1950s that actually existed, but this weird one that the KKK was promoting back then.
        • Re:

          I am willing to bet a good 75+% of the population, has a stance or belief, or does a thing that would be considered wok

          It's spelled "woke".

          And I would dare say, at least in the US, part of the woke problem is that the woke culture that is trying to shove this down everyones' throats, vastly overestimates how many people want to see this, feel this way, care about this...and would rather just go on about normal life where in general these subjects rarely ever touch their lives in any manner at all.

          Most of

          • Re:

            Yep. Comes from the same place as "promoting anyone other than a straight white male is transparent virtue signaling and bias against straight white men, so the only fair thing to do is promote the straight white guy."

          • Re:

            The reason for the negative reaction (and use of the word "woke" as a pejorative) is not simply because white people don't like being reminded of the existence and importance of other races (and/or gender identities). If that is actually ALL there was to the "woke" phenomenon, there wouldn't be such a fuss about it.

            In the name of this "reminding," we get constant jabs and cheap shots, putting down whites (or specifically straight white males) as being bad simply because they are straight white males. It's

            • Re:

              And then there's Fox "News", Tucker Carlson and (throw a dart at their roster)...:-)

              Often it is, or just as good, but with the potential for additional perspective and plot options. For example, I think Lucy Liu as Dr. (Joan) Watson in Elementary worked pretty well.

              It's not bad, but it is limiting. People need to let go of their preconceptions. Does 007 always have to be a white male named (literally) James Bond? How about a black female named Jamie Bond? Surely "007" could apply to anyone in that po

          • Re:

            What do you call classroom / corporate indoctrination of really little kids / mindless worker drones that Every White Is An Oppressor, Everything Has To Be Looked At Through The Racism Lens, and Everything Is The White Debbil's Fault?

            What DO you call that?

            Whatever word is applied to this teaching, it should be "Insidious," "Brainwashing" and "Wrong."

            Woke is just quicker and more concise. I first "felt" it in the late 90's in the USAF, and thought it was the most Communist mind-rot this side of high school

    • Re:

      If it can be "applied to anything" then it's a completely worthless statement. You kinda give the game away with that.

    • Re:

      I cancelled my subscription long ago because I was down to a few seasons of one program and another where I had all of the seasons, so I never really saw the point in watching it anymore. I did watch Narcos at my parent's place, but I've not otherwise been drawn to it since.

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