Netflix 2022 Outlook is Grim
Netflix stock price has sank from an all time high of $700.99, now hovering in the $160s. The company valuation has continued to sink as Netflix reported losing 200,000 subscribers while competitors like Disney Plus added 7.9 million new subscribers to its streaming service during the first three months of 2022.
We’ve seen the writing on the wall for Netflix and its linear business model for a long time now. The company has failed to innovate and implement any sort of platform dynamics. While some may say the company currently sits at a significant discount, I think a further decline may be on the way for this once darling digital movie studio.
Disney Plus added almost 8 million new subscribers as Netflix struggles: www.theverge.com/2022/5/11/23067551/disney-plus-q2-2022-earnings-205-million-streaming-subscribers
#NFLX #NetflixStock #Podcast
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