Remember that song from Tom Petty called Free Falling? That seems like the perfect analogy for what is happening with Netflix and its Stock Price.
For the second quarter in a row, Netflix stock has cratered after reporting earnings: NFLX plunged 28% - losing $42 billion in value - after the company announced that not only did its paying subs shrink for the first time since 2011 in the first quarter, but the company forecast the loss of another 2 million subs in the current quarter.
https://www.zerohedge.com/markets/shocked-wall-street-reacts-netflix-implosion-0
She's a good girl, loves her mama
Loves Jesus and America too
She's a good girl, who's crazy 'bout Elvis
Loves horses and her boyfriend tooAnd I'm a bad boy, cause I don't even miss her
I'm a bad boy for breakin' her heartAnd all the bad boys are standing in the shadows
And the good girls are home with broken hearts
Now I'm free
Free fallin'
Yeah, I'm free
Free fallin'
He finds the perfect California Girl, admits he is acting like a Bad Boy, Breaks her Heart, knows now the Vampires will be out to get her, but then Feels Free with some Regret? Is that a fair summary of the song?
What does this song have to do with Netflix? Well, you see Netflix was trying to be Woke and catering to the Woke Market with shows such as He's Expecting where the Man becomes Pregnant played of coruse by an Asian couple because if you cast two White actors that would not be Woke enough.
What did Netflix except would happen to their Stock Prices with such shows? Well they certainly got their answer from their subscribers who decided it was time to be free and be free falling along with their Stock Prices.
Netflix is now being downgraded across the board by large instutional hedge fund type investors who are bailing and dumping and then calling it Freedom, just like Tom Petty who is now being played by Bill Ackman of Pershing Square.
JPMorgan (cuts to neutral, PT cut to $300 from $605)
Bigger factor was management’s acknowledgment of relatively high household penetration when including account sharing and increased competition
Near-term visibility on growth plans is limited
Ackman today was less than delighted with the latest opportunity the market presented him with, in this case to lose some $430 million in less than four month, because unlike other investors who double down when presented with a real opportunity to invest in a name they believe in, Ackman decided to bail instead
https://www.zerohedge.com/markets/bill-ackman-dumps-entire-netflix-stake-loses-430-million-4-months
See Ackman’ letter below on the news he sent his investors after losing more than $430 million dollars on the trade.
On top of that news we learn that CNN+ which was perhaps trying to imitate the Wokeism of LGBTQ+ has gone full free falling and is now officially free from its subscribers reaches, thank goodness. A freedom dumpster fire celebration at CNN.
Following a string of reports about underwhelming subscriber numbers, Discovery has reportedly decided to shut down CNN+, CNN's ill-fated streaming service, one month after its launch.
https://www.zerohedge.com/political/cnn-shut-down-one-month-after-launch
Is this the end of the FAANG and are they now be De-FAANGED? What happens to Wall Street when its favorite Serpent Class is no more?
FAANG is such a dead concept. As is probably the NASDAQ.
Facebook is toast – killed by newer advertising/social media platforms and regulation. Now trying to reverse itself into the Metaverse. A steam train in the age of regional jets.
Alphabet/Google is struggling in a gloop of regulation that’s sucking the life out it, and increasing consumer dissatisfaction.
Amazon faces a host of problems and frankly looks tired – check out my last comment on the company.
Netflix – looks old and vulnerable…
https://www.zerohedge.com/markets/netflix-end-faang-era
The Audio portion of the post is Mike Adams confirming that Wokeism is to blame for this sudden collapse in the span of 4 months as in just this year alone has been devastating to at least two high flying companies.
When you make content that subscribers reject they go elsewhere that has always been the basic pay for content model, but for Disney and Netflix and CNN+ they have an alterior agenda and that agenda thank goodness is being soundly rejected.
Disney is the next one to go Free Falling? It this content what subscribers want or what Masonic Satanic Executives want to force upon us?
15 Times Disney Featured LGBTQ+ Characters In Movies & TV Shows
As the LGBT community becomes widely accepted throughout the world, media companies like Disney are trying to represent them.
https://screenrant.com/disney-lgbt-characters-movies-tv-shows/
Florida House votes 68-38 to strip Disney of privileged tax and self-governing status: Woke conglomerate pays the price for publicly bashing Governor Ron DeSantis' 'Don't Say Gay' bill
The governor has previously issued support for the measure, saying during a fundraising pitch Wednesday: 'Disney and other woke corporations won't get away with peddling their unchecked pressure campaigns any longer.
https://www.bitchute.com/video/sbYFKWyl0DBc/ if you want more Wokeism dangers/
The choice is yours and that is the power of paid subscribers.
We started with a song so we will end with another appropriate song as in Kenny Rogers and The Gambler.
You got to know when to hold 'em,
Know when to fold 'em,
Know when to walk away,
And know when to run.
Wokeism takes down Netflix