Well I just canceled my account…
this post was submitted on 24 Apr 2025
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Technology
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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.