i cancelled netflix when they kept taking my sweet black and white shows and westerns off. then they kept taking off roseanne, hey arnold, and others. then put them on. then took them off. then put things on i would watch, then took them off in the middle of seasons.
i got soo pissed i rage quit and in comments "let us know" i said "fuck this trash of constantly pulling stuff off. im out you fucktards" LOL
Well and their assets are massively depreciating. This is the best kept secret in tech: digital platforms DO depreciate except of course accountants don't know this. What's a tech platform worth after 5 years with no updates or maintenance?
I'm an accountant and yes we do absolutely depreciate software and tech just like any other asset. It's not a secret or anything you just don't know what you are talking about.
Fair point since I'm not an accountant I shouldn't speculate about their practices though I'm not talking about licensees with fixed terms I'm talking about the product offering / platform itself.
I think the issue here is that their PE ratios are > depreciation period. Like they're purposefully not factoring in long term costs to their valuations. Or they are but investors aren't
I canceled a very long time ago. Maybe 2008? It was one of the first times they raised their prices and lot. They sent out an insulting email that said soemthing along the line of 'just don't get a Starbuck's coffee' and you can afford it.
I was very poor at the time and was living off rice, beans, and potatoes and my Netflix sub was the only thing I had as subscription entertainment. It was already a splurge for me and sure I would have paid the hike (this was back when you could still rent physical media).
I was not going to put up with snotty, rude emails. I am glad I canceled them well before the woke crap started.
Yeah, I still have it because I don't care enough to get rid of it. There are a few things they have that I like, and I watch so little TV (compared to most people) that I don't get bored.
But with prices going up and all the woke garbage on there (especially in the kids section), I'll probably start hopping services every few months and recording anything I want to watch again.
Count me among them. Their content is not satisfying, hasn't been for years.
i cancelled netflix when they kept taking my sweet black and white shows and westerns off. then they kept taking off roseanne, hey arnold, and others. then put them on. then took them off. then put things on i would watch, then took them off in the middle of seasons.
i got soo pissed i rage quit and in comments "let us know" i said "fuck this trash of constantly pulling stuff off. im out you fucktards" LOL
Well and their assets are massively depreciating. This is the best kept secret in tech: digital platforms DO depreciate except of course accountants don't know this. What's a tech platform worth after 5 years with no updates or maintenance?
I'm an accountant and yes we do absolutely depreciate software and tech just like any other asset. It's not a secret or anything you just don't know what you are talking about.
Fair point since I'm not an accountant I shouldn't speculate about their practices though I'm not talking about licensees with fixed terms I'm talking about the product offering / platform itself.
The new oil spills....
Depreciation is income
I think the issue here is that their PE ratios are > depreciation period. Like they're purposefully not factoring in long term costs to their valuations. Or they are but investors aren't
I canceled a very long time ago. Maybe 2008? It was one of the first times they raised their prices and lot. They sent out an insulting email that said soemthing along the line of 'just don't get a Starbuck's coffee' and you can afford it.
I was very poor at the time and was living off rice, beans, and potatoes and my Netflix sub was the only thing I had as subscription entertainment. It was already a splurge for me and sure I would have paid the hike (this was back when you could still rent physical media).
I was not going to put up with snotty, rude emails. I am glad I canceled them well before the woke crap started.
Yeah, I still have it because I don't care enough to get rid of it. There are a few things they have that I like, and I watch so little TV (compared to most people) that I don't get bored.
But with prices going up and all the woke garbage on there (especially in the kids section), I'll probably start hopping services every few months and recording anything I want to watch again.