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Netflix is planning to raise prices… again
(www.theverge.com)
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this post was submitted on 03 Oct 2023
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Every time Netflix changes anything, people freak out and say they're gonna lose all their subscribers.
And every time, Netflix makes more money than before, because they have awesome data analysis and have a very good idea of how many subscribers will leave and how much more money they'll make from the remainder.
I remember when they lost like 4% of their subscribers a few years back and everyone was all doom and gloom, but they'd raised their rates like 15%
Eventually they'll figure if they can get one person to pay 10 billion dollars a month, they can lose all their other subscribers and still hit their quarterly goals.
Until the shareholders demand more.
Yeah, Elon might be dumb enough.
That's essentially what the Twitter board did.