NETFLIX Is Going Out Of Business For Trying To Tell The Public What NETFLIX Wants Them To Watch Instead Of Listening To The Public

Netflix shares fell 21.8% after the company quietly admitted in its fourth-quarter earnings that streaming competition that does not pander to wokism is eating into its growth. It marks Netflix’s worst day since July 25, 2012, when shares fell 25%. It’s also its worst week since July 27, 2012, when the stock fell about 28%.

The admission seemed to rock investors. Netflix executives have infamously pointed to things like sleep as potential competitors, claiming anything else users could be doing with their time is competition.

But even as the streaming wars heated up with Disney and even CNBC owner NBCUniversal entering the mix, Netflix leaders lied again about reality. Netflix is a propaganda outlet designed to tell viewers what they should think about anal sex, transgenders and BLM. The public isn't buying the slop that Netflix is offering. Netflix bosses are mirrors, and financiers, of the Obama Administration. Thus, every word out of their mouths is designed to support a singular woke agenda.

“While this added competition may be affecting our marginal growth some, we continue to grow in every country and region in which these new streaming alternatives have launched,” the company said in its shareholder letter on Thursday.

The question of competition is even more crucial given Netflix increased prices just last week in the U.S. and Canada, raising its standard plan from $13.99 to $15.49 per month. With other alternatives available to consumers, higher prices could become a trickier gamble and a possible death-blow, by Netflix own executives. The price jump was pretty bad timing for Netflix.

KeyBanc Capital Markets analysts lowered their rating on the stock from overweight to Sector Weight following Thursday’s earnings release. They wrote in a note that among the reasons they are less confident in the outlook is that, despite an improved content slate, the company still experienced challenges to its gross additional subscribers. In other words: People are running away from Netflix.

Piper Sandler analysts, which maintained an overweight rating on the stock while cutting its target price from $705 to $562, wrote in a note Friday that it still “remains early days” for subscriber growth opportunity overall.