I think the issue is that Netflix always had a lot of debt and thought they could grow a lot more. They had a really solid income, then suddenly their catalog was shrinking thanks to the million other streaming services while they simultaneously started declining in subscriptions right when the cost of debt skyrocketed (even if some of their debt is still at lower rates).

Not that I’m cheering on the price increase by any means, nor am I currently a subscriber. Still though in some way I can see why they’re doing it and have a feeling we’re just at the tip of the iceberg in how bad tech corporate services are going to get for a bit.

On an unrelated note, VPNs and/or I2P are cool things to check out.