I guess Netflix really is done . It is loved and it was/is ambitious and they have oodles of data, but Wall Street could care less.
That’s all that matters really. I have not owned/shorted this stock, but written about it often .
Until someone steps up to the plate and takes them out, Netflix is an also ran security.
Maybe they should just pay me to sign up already, because no matter how low their price goes, I am not signing up. There are just some price levels that don’t matter and Netflix has passed that line and only hurts themselves with more cuts.
They need to figure out how to increase pricing at this point by offering something. It sounds like their customers love them, so they should stop trying to get me and focus on uncommon value and premium services for the customers that can’t live without it.