As Netflix subscribers leave the service in droves, an old Blockbuster tweet has come back to haunt the streaming giant.
Netflix in recent days also implemented layoffs across its marketing efforts, including at the company’s in-houseJason Bateman as Marty Byrde in Season 4 Part 2 Episode 3 of “Ozark.” Image source: Netflix
All of this explains why the streamer’s stock lost a significant chunk of its value in recent days. The kind of thing that forces a company to pull back on spending, whether it wants to or not. The question is whether all of these trends are representative of something transitory at Netflix. Or whether the departure, for example, of so many Netflix subscribers is indicative of the company abruptly hitting a peak. For now, all of the bad news is probably temporary, especially given some monster Netflix original releases coming up, like a new season ofMaybe we can just call this Netflix’s “memento mori” moment.
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