Comment on Netflix confirms it is increasing subscription prices, again, after adding 8.8 million customers

• ZeroCool@feddit.ch ⁨1⁩ ⁨year⁩ ago

  I mean. Supposedly.

  But then again, cable is dead for a reason.

  Yes, and the reason cable is dead is specifically because streaming offered a more affordable, convenient, and ad-free option. Now that it’s pretty much the only legal game in town the cablefication is well underway. You think the c-suite types give a single fuck about the long-term viability of their services? lol no. They’re here for short term profits. And when the house of cards topples there’s gonna be a golden parachute waiting for them.

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  • TropicalDingdong@lemmy.world ⁨1⁩ ⁨year⁩ ago

    You think the c-suite types give a single fuck about the long-term viability of their services? lol no

    This is the madness. It really speaks to the emptiness that underlies whatever we call the philosophy that results in this kind of decision making. Modern MBA cult? Neo-liberalism?

    Christ, stop buying businesses just to break them people.

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    • SCB@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Neo-liberalism?

      The internet decreed like a decade ago that “Anything You Don’t Like Is Neoliberalism,” so why not?

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      • TropicalDingdong@lemmy.world ⁨1⁩ ⁨year⁩ ago

        I’m open to other words, but I don’t know what else to call it.

        Its whatever killed Sears, a company that was built on the idea of distributing a catalogue and people buying shit from it, and them having it show up at their house. Jesus christ that sounds familiar where the fuck have I heard that before?

        Its this idea that making money by taking a functional business and breaking its ability to function is some how “good business”.

        Its Horowitz and the take over of Pacific Lumber Company.

        Again, I dont know if I can call it neo-liberalism because I dont really know what that means (as in, I’m not sure there is a ‘there’ there).

        Whatever it is, its fucking idiotic.

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    • Touching_Grass@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Why don’t people bother to fight back though.

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      • givesomefucks@lemmy.world ⁨1⁩ ⁨year⁩ ago

        You can.

        1. Buy stock for a company that prioritizes steady sustainable growth instead of chasing an ever increasing profit margin.

        2. Plan to keep that stock for decades.

        3. Buy more stock as time goes on, never stop buying shat stock.

        4. Pray that a giant conglomerate doesn’t decide to buy it.

        5. If a conglomerate buys it, dump stock immediately while everyone else is buying. Then reinvest it all into a new company.

        Repeat as needed.

        It’ll help good companies, and if enough do it, conglomerates might eventually not seeing gobbling every other company up as profitable.

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