7 years ago
2
Cramer shocked that so many Netflix users bailing over a couple extra bucks
Netflix's price increases scared people away from the streaming service, and the volume of unsubscribes surprised Jim Cramer. "Something happened here where people decided that content wasn't worth paying for," Cramer said Tuesday on "Squawk on the Street" , a day after the company reported that it missed its subscriber goal in the second quarter. "I would never in a million years say I'm not paying the additional couple [of dollars]." The entertainment-streaming service missed its subscriber goal of 2.5 million in the second quarter.
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Did the price go up again? if so, I'm cancelling my subscription. I was looking through Netflix last night and thinking about the fact that I'm paying something like $8/mo for a service that I rarely ever use.
Ah, Hastings is going down the path of the capitalist pig swine. Massive profits aren't enough. He needs more, more , more. Gotta satisfy those shareholders who demand ever increasing profits. It's insane and unsustainable. Capitalism is a scam. I'm cancelling my subscription.