Netflix?

Stock tanking, market down, recession is here. What does the stock tanking tell us? Consumers are cutting back on needless expenses. Streaming services are too widespread and too expensive to have 6 or 7 during a recession period.

Netflix is a victim of the market at a time when inflation dominates conversation. Users leaving, price hikes, more competition, and ads now. That is a losing strategy. It also hurts that competitors have more products to offer in terms of historical shows and movies. 

Disney is suffering too for a variety of reasons, but streaming is certainly a factor. Users do not want to spend so much to watch one movie on one platform.

I would stay away from non-essential items. The economic hardships are here to stay.

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