> This is yet another category of business where I think they'd be far better off being private, so in theory there isn't constant pressure to continue increasing revenue.
Netflix has borrowed billions (and billions) of dollars to get where they are. As a private entity they've gone bust seven or eight years ago.
Netflix priced themselves artificially low to grow, based on debt. That set unrealistic consumer expectations and they might have to face the consequences of that eventually, but Netflix's terms literally always said that accounts could only be shared with people living in the same household as you.
Netflix has borrowed billions (and billions) of dollars to get where they are. As a private entity they've gone bust seven or eight years ago.
Netflix priced themselves artificially low to grow, based on debt. That set unrealistic consumer expectations and they might have to face the consequences of that eventually, but Netflix's terms literally always said that accounts could only be shared with people living in the same household as you.