Netflix Stock Crash: Subscribers Growth Misses, Rising Prices, Too Many Competitors! 📺

By Kirk Enbysk

Netflix stock crashed after the media company reported slowing subscriber growth as part of its Q4 FY2021 earnings report. Netflix on Thursday put forward an estimate of 2.5 million subscribers in the current quarter, a sharp decrease from last years same quarter forecast of 4 million paying subscribers to the movie streaming service. Alex discusses his continued bearish outlook for NFLX stock and is shocked by the company’s plans to raise prices in the face of increasing competition in the streaming space. He goes on to compare Netflix’s bizarre moves to another once darling but now dumpster fire “tech” stock, Peloton. Looking at Netflix’s continued misses and uninspired strategy, it’s concluded that it may be time for a leadership change at the streaming giant’s headquarters. One thing is clear, something needs to be done to stop the Netflix stock tank.

Originally Aired: 01/21/21
#Netflix #NFLX #StreamingWars

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