• givesomefucks@lemmy.world
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      18 hours ago

      Jesus…

      This is a couple years old but:

      Shares of Netflix closed down more than 35% Wednesday after the streamer reported earnings Tuesday evening that showed it lost subscribers for the first time in more than 10 years.

      https://www.cnbc.com/2022/04/20/netflix-plunges-trading-subscriber-loss.html

      The product is the stock price.

      Amount of subscribers effects stock price.

      They raise price as a reaction to not meeting aubscriber goals.

      Which is a short term fix that needs to be done over and over again.