- Dec 29, 2015
- Reaction score
- Olympia Wa
- Political Leaning
http://www.cnbc.com/2016/07/19/cram...line|story&par=yahoo&doc=103799410&yptr=yahooNetflix's price increases scared people away from the streaming service, and the volume of unsubscribes surprised Jim Cramer.
"Something happened here where people decided that content wasn't worth paying for," Cramer said Tuesday on "Squawk on the Street", a day after the company reported that it missed its subscriber goal in the second quarter. "I would never in a million years say I'm not paying the additional couple [of dollars]."
The entertainment-streaming service missed its subscriber goal of 2.5 million in the second quarter. Netflix reported 1.7 million new subscribers and beat earnings estimates. Netflix blamed the dismal results on from longtime subscribers cancelling their accounts amid price increases.
Netflix's stock plunged more than 13 percent Tuesday. Shares have dropped nearly 25 percent in the past year.
For me there are three things that really piss me off:
1) There is a lot of non english stuff that is not segregated or labeled well, and since most of the time I am not willing to go to the work of dealing with subtitles they piss me off with all the time I waste trying to find the stuff in English
2) There is a lot, and I mean A LOT, of newish stuff that could not ever get a screen (direct to DVD/Streaming) and almost none of the old great movies, this is the problem of flooding the site with crap (cheap) content. There are some really good arty gems in the pile of crap, but they take a long time to find
3) They used to have a really good homepage suggesting content that I might want to watch, but now their search engine (is that the right term?) clearly is showing me stuff that they want me to watch rather than what I want to watch, which really pisses me off.
I am wondering what others think.
Dont be shy.