Netflix says its profits have soared in the first three months of this year, partly thanks to a crackdown on password sharing.
The streaming giant said it added 9.3 million customers in the first quarter, bringing its total number of subscribers to almost 270 million.
The company also said its profits in the first quarter jumped to more than $2.3bn (£1.85bn).
But the firm will stop reporting key subscriber numbers from next year.
…
Some investors saw its unexpected decision to stop reporting subscriber numbers as a sign that Netflix’s wave of customer growth may be coming to an end.
Simon Gallagher, a former Netflix director and now principal of entertainment investment firm SPG Global, told the BBC’s Today programme that while the numbers indicated a “very, very strong performance” this might not last.
A lot of pensions will be fucked that heavily invested in stocks, but aside from that, the world will be fine. You 100% don’t need stocks in order for companies to thrive. Japan has had a poor stock market for the past 30 years, but there’s still a ton of companies and businesses that do just fine, there. There’s also tons of places in the US as well that aren’t publicly traded. Hobby Lobby, Quik Trip, Valve, SpaceX, Hy-Vee, just to name a few multi billion dollar companies.
The quickly rising stock market also hasn’t always been like it has been since the 1980’s. It went 18 years running more or less completely flat before that, and society didn’t collapse. Nearly two decades of no growth whatsoever.
Basically all 401ks in the US rely on stocks. And basically everyone’s retirement (who doesn’t have a pension, which is fewer and fewer jobs) relies on 401ks.