Re:Coinbase lays off around 1,100 employees
by rvz on Tuesday June 14, 2022 @09:23PM
(#31748089)
You mean MAGMA (Microsoft, Apple, Google, Meta, Amazon) companies?
It seems Netflix doesn't have a sustainable business model as they have too many direct competitors in the field, price increases in their own plans and little to no diversification in other sectors. Unlink the others MAGMA companies, Netflix is not in multiple sectors to get in more cash and are stuck in a single niche.
Hence, why out of the FAANG companies, stock compensation at Netflix crashed and they had no choice but to announce layoffs.
It seems Netflix doesn't have a sustainable business model as they have too many direct competitors in the field, price increases in their own plans and little to no diversification in other sectors. Unlink the others MAGMA companies, Netflix is not in multiple sectors to get in more cash and are stuck in a single niche.
Hence, why out of the FAANG companies, stock compensation at Netflix crashed and they had no choice but to announce layoffs.