Netflix, $NFLX, may be about to raise prices yet again simply because it can, per Forbes.
Netflix co-CEO Greg Peters on the Q4 2023 earnings call said, “[We] largely put price increases on hold [during the rollout of the paid-sharing program] because we saw that as a form of substitute price increase." Read more: unusualwhales.com/news/netflix-n…
@unusual_whales I’ve been looking for a reason to cancel my @netflix sub
@unusual_whales Yea because it has insane pricing power
@unusual_whales Simple supply and demand. People will hate it, but they'll still pay it.
@unusual_whales which is why i haven't had mindless netflix for about 5-6y now.
@unusual_whales Consumer behaviour shows majority just take the increase and don't cancel subscription. These companies will only change when people vote with their feet.
@unusual_whales Of course. And people will continue to pay for it because they're too lazy to go out and touch grass.
@unusual_whales People still watch Netflix in 2024?