this post was submitted on 24 Apr 2025
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Technology

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[–] [email protected] 20 points 1 month ago (1 children)

Well I just canceled my account…

[–] [email protected] 7 points 1 month ago (1 children)
[–] [email protected] 7 points 1 month ago

4 years ago for me.

[–] [email protected] 13 points 1 month ago

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.

[–] [email protected] 9 points 1 month ago (1 children)

Gee, god forbid you remain a mere 800 billion company...

[–] [email protected] 2 points 1 month ago

That's so 90s.

[–] tracker 7 points 1 month ago

Not with my money…

[–] [email protected] 4 points 1 month ago

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.

[–] [email protected] 3 points 1 month ago

No thanks I like my Library, NFB, CBC Gem and Knowledge Network.

[–] [email protected] 3 points 1 month ago

Not with that attitude, they won’t.