Well I just canceled my account…
this post was submitted on 24 Apr 2025
16 points (90.0% liked)
Technology
3054 readers
157 users here now
Which posts fit here?
Anything that is at least tangentially connected to the technology, social media platforms, informational technologies and tech policy.
Post guidelines
[Opinion] prefix
Opinion (op-ed) articles must use [Opinion] prefix before the title.
Rules
1. English only
Title and associated content has to be in English.
2. Use original link
Post URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
3. Respectful communication
All communication has to be respectful of differing opinions, viewpoints, and experiences.
4. Inclusivity
Everyone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacks
Any kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangents
Stay on topic. Keep it relevant.
7. Instance rules may apply
If something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.
Companion communities
[email protected]
[email protected]
Icon attribution | Banner attribution
If someone is interested in moderating this community, message @[email protected].
founded 2 years ago
MODERATORS
Same here two weeks ago.
4 years ago for me.
Their current market cap is 443B with a P/E of 50, so already massively overpriced.
For comparison, Google P/E is 20, Amazon P/E is 32, Meta P/E is 21, Microsoft P/E is 30.
They would need to more than double their profits to get to 1Tn market cap with the same joke of a price to earnings ratio. At this point I doubt that will be by doubling their customer base. It's going to be by cutting corners: paying less for shows which means lower quality shows, cutting bandwidth costs which means lower quality streams, and charging customers more for the pleasure. Classic enshittification incoming.
Gee, god forbid you remain a mere 800 billion company...
That's so 90s.
Not with my money…
I've done my part, as has everyone else here in the comments. The disheartening part is that their profits continue to go up. They continue to raise prices so sharply that every time they lose customers, they make more money. Shitting on everyone is a viable business strategy.
No thanks I like my Library, NFB, CBC Gem and Knowledge Network.
Not with that attitude, they won’t.