Seems wokeness isn’t exactly a winning. Netflix, and their all their woke crap from the Obama family to the “He’s expecting” joke of a show has seen it’s stock drop nearly 40% this week. Over 200,000 subscribers have left them, and millions are expected over the next few months. So why Netflix cracks down on “account sharing”, they are also looking to cut costs and production of shows to try and help get their stock price up again. Their current business model isn’t working.
The party’s officially over at Netflix following a disastrous first quarter that saw the far-left streamer lose 200,000 subscribers and predict the loss of a whopping 2 million more in the months ahead.
Now, Netflix is embarking on a course correction that involves reining in its spendthrift ways by slashing spending and cutting back on new programming, with a focus on “quality” over quantity, according to a report in the Wall Street Journal.
In some cases, budgets on new shows will be cut by as much as 25 percent.
“Well, it’s a bitch,” co-CEO Reed Hastings reportedly told employees during a town hall meeting this week.