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by treis 1862 days ago
No, but we are solidly in the consolidate and undercut competition phase. The issues arise in the use monopoly power to extract large profit phase.
1 comments
dageshi 1862 days ago
How? So long as there are multiple competitors after the same customers I don't really see how this happens. Hell, we only really have 3 major cloud computing platforms (along with some minor ones), but consistently the prices of everything they offer goes down.
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treis 1862 days ago
Because Netflix, Hulu, Prime Video et Al don't make money. At some point they're going to have to and that's when we see if you're right or not.
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CyberDildonics 1861 days ago
https://www.washingtonpost.com/business/2021/04/20/netflix-n...

Netflix has over 208 Million subscribers each paying a monthly fee. They are taking in multiple BILLIONS every month in revenue.

They are also in complete control of their expenditures. They don't rely on commodities or regulations. If that isn't making money then I don't know what is.

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treis 1861 days ago
Making money is when your revenues are higher than your costs.
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CyberDildonics 1861 days ago
Do you think that only companies that pay dividends are "making money"? What about stock buybacks?

Netflix's stock price is 480x what it was 20 years ago. It has a market cap of 280 Billion dollars.

Are you one of the people that said "amazon doesn't make money" because they used their revenue to expand for multiple decades?

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