Tech Brew Ride Home Wed. 04/20 – Netflix Earnings Bomb; Ads To The Rescue?
Apr 20, 2022
Netflix faces a sharp drop in shares after losing subscribers, prompting discussions about shifting to ad-supported streaming for growth. Coinbase launches its NFT marketplace, while the disconnect between crypto stocks and the cryptocurrency market raises eyebrows. The rise of zero-day vulnerabilities is analyzed, along with Brave's push against Google's AMP, claiming it harms user experience. Finally, the podcast assesses the evolving tech startup landscape, noting a shift from skepticism to cautious optimism about innovation amidst market challenges.
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Netflix's Declining Growth
- Netflix's subscriber growth is declining, leading to a significant drop in its stock price.
- The company plans to introduce cheaper ad-supported plans to attract price-sensitive users.
Streaming Business Model Concerns
- The streaming business model's profitability is being questioned as subscriber growth slows across the industry.
- Rich Greenfield suggests the streaming market is smaller, more competitive, and less profitable than anticipated.
COVID-Era Stock Decline
- Several "COVID-era highfliers" experienced significant stock declines.
- Companies like Peloton, Teladoc, Chegg, Roku, and Zoom saw drops ranging from 53% to 77%.