Quick Thought 9-1

Today is the day, the beginning of the end of the Netflix business model. They've ended Starz - althought a small percentage it was a huge attracting factor for many members. They've gone through an outrageous price hike. They've failed to control costs over the past few quarters (their financials show close to 20% cost growth in recurring costs alone).

Not to mention Netflix has been highly overvalued for a long time. And, I heard on the news today that 22% of users said they are canceling their subscription.

Run away, far away from this company. It is going to collapse.