From Streaming Giant to Stock Market Failure: How Netflix lost everything

What was once the future of media consumption has started to fall apart. The pioneer of streaming services has seen its stock drop like a stone across the board.Show more

Netflix's stock has taken a beating in 2022 as a result of rising inflation, consumers cutting back on discretionary spending, and increased streaming competition, all of which have significantly altered the industry's landscape. Furthermore, comparisons to the company's all-time highs in a pandemic-plagued 2021 have only exacerbated its losses in 2022.

Despite recent shortcomings, Netflix remains a major player in the entertainment industry, with several of its original productions receiving critical acclaim and being nominated for Academy Awards and Emmys. Good reviews and heartfelt praise, on the other hand, will be meaningless to a platform that is primarily a business looking to earn profits and retain customers. Urgent changes are implemented in order to improve content quality, lower prices to compete, and augment better customer service and care. The company would do well to feature the role of its creators and producers to a greater extent since the decline in quality is only worsening the problem of low customer retention. If not, the streaming giant is likely to lose its spot at the top of the Hollywood sign.

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