Re:An Update on Our Outage
by 300bps on Monday November 01, 2021 @10:23AM
(#29066925)
NFLX was founded in 1997. They didn't have original content until 2013.
Before their original content I seriously considered shorting their stock. Their business model without original content was structurally flawed. They effectively had a maximum profit they could earn. Literally anything they did to increase their profit would be taken by the content producers they were forced to buy the licenses from.
Creating original content was a necessary step to survive just like pivoting from their original DVD mailing business to streaming. They're still a technology company though.
Before their original content I seriously considered shorting their stock. Their business model without original content was structurally flawed. They effectively had a maximum profit they could earn. Literally anything they did to increase their profit would be taken by the content producers they were forced to buy the licenses from.
Creating original content was a necessary step to survive just like pivoting from their original DVD mailing business to streaming. They're still a technology company though.