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Netflix Hints at Price Increases, Plans to Retire Basic Service Amid Ad-Tier Growth (www.hollywoodreporter.com)
submitted 2 years ago by [M, B] to c/technology@lemmy.world
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Netflix Hints at Price Increases, Plans to Retire Basic Service Amid Ad-Tier Growth::Netflix says subscriptions to its ad-supported service grew by 70 percent in the fourth quarter of 2023.

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[–] 81 points 2 years ago (1 child)

18 billion yearly profit last I checked.

Not enough.

Never enough.

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  • [+] -86 points 2 years ago* (8 children)

    I am a shareholder of Netflix. If they don't make more profit this year the stock will go down and I will lose money.

    I use some of the income from my Netflix stock to pay for my Netflix subscription.

    Edit: looks like I just made 12% since this announcement came out!

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  • [–] 12 points 2 years ago

    I don't know if there could have been a comment that sums up the problem. To this person Netflix is no longer a product; it's not about the best content or the best experience anymore. It's about getting your buck.

    Netflix used to have the best content online at the best price. It now has neither and I don't know how anyone still rationalizes subscribing.

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