Their current market cap is 443B with a P/E of 50, so already massively overpriced.
For comparison, Google P/E is 20, Amazon P/E is 32, Meta P/E is 21, Microsoft P/E is 30.
They would need to more than double their profits to get to 1Tn market cap with the same joke of a price to earnings ratio. At this point I doubt that will be by doubling their customer base. It’s going to be by cutting corners: paying less for shows which means lower quality shows, cutting bandwidth costs which means lower quality streams, and charging customers more for the pleasure. Classic enshittification incoming.
monkeyslikebananas2@lemmy.world 1 week ago
Well I just canceled my account…
ddash@lemmy.dbzer0.com 1 week ago
Same here two weeks ago.
wesker@lemmy.sdf.org 1 week ago
4 years ago for me.