The other month, Netflix announced that it had lost 200,000 subscribers, the first time anything like that had happened in the company history. It expects to lose more in the quarters to come. It also laid off 150 employees, along with dozens of contractors. Per Bloomberg, Netflix has around 221 million subscribers and generates about $30 billion in revenue. How could a company that successful not afford to keep everyone it wants? Surely this was a sign that Netflix was falling, going down for the last time.
You may have gotten that idea if you look at some of the stories about the company, but it's a bit too early to announce time of death. Netflix is at a crossroads that all the streaming services will get to eventually, but there's no reason to think it's going anywhere. In fact, it's still the king of the mountain, however many steps down it may have stumbled.
