I remember discussing investing in Netflix back in 2015, when the stock price was dirt cheap. Back then, I saw through their business model, which was unsustainable without constant cash infusions from Wall St and Silicone Valley VCs. Video streaming is here to stay, yet Netflix has consistently under-performed most of the new entrants, in terms of revenue growth and customer count.
For one, Netflix is totally deb-financed. The fact that they have any cash at all, is due to their being part of the FANG investment scam, where people would just dump money into Facebook Apple Netflix and Google stock, because, stocks only go up - until they don't and they crash epicly, as Netflix's has.
Netflix has not fundamentally changed its core product offering since the beginning. The fact that I heard about their addition of some gaming into the platform over a year ago, but very little marketing and promotion of said service, tells me that they aren't actually a viable game streaming platform. They don't make the user the focus, games are not designed to attract attention, they're just an added feature with very little pomp involved.
At least they didn't flop as bad as Google Stadia, right? :D
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