Meanwhile I received another price increase email just this morning. 😒
106
MassiveBoner911_32 days ago
+32
F*** you
- Netflix
32
Far-Feedback-64372 days ago
+6
Yeah, f*** you in the ass Netflix
6
StuntmanReese2 days ago
+3
No grease!!
3
ItHitMeInTheNuts2 days ago
+2
Bit of sand
2
Far-Feedback-64372 days ago
+1
Lots o sand and some diamond shards
1
jr_randolph2 days ago
+8
I'm closing in on two years off cancelling Netflix and haven't even noticed except for saving that money. I cut most streaming actually and only have Disney & HBO Max because they had their black friday deal. Cancel it...you ain't missing shit and Tubi is way better.
8
joeyGibson2 days ago
+2
I rarely watch Netflix, but for some reason it's hard for me to want to cancel. I've been a subscriber since they first started shipping DVDs, so there's a nostalgia factor involved, I guess.
2
jr_randolph2 days ago
+5
F*** that - I'm not running your life but that's not a good enough reason to keep it. Have it for your kids, I can understand...but besides that...go head and cancel that shit bro. Believe me, they have no type of positive nostalgia towards you considering they keep increasing costs...
5
Electronic-Ideal29552 days ago
+3
I only do one sub at a time, which means constant canceling. It's not a moral stance or anything. I sub back back when they have new shows I want to watch.
3
breakevencloud2 days ago
+2
Yeah, I canceled it last year and haven’t missed it a single time, yet. I’m, admittedly, not a big TV show/movie person, but after getting, what felt like, a price hike every 3 months, that was the end of it for me, along with a few other subscription services, and I’m glad I did it
2
DroopyTers2 days ago
+67
Buybacks were illegal until [Ronald Reagan](https://theantitheist.substack.com/p/the-third-man-that-did-the-most-damage)
67
James---Trickington2 days ago
+24
Buybacks were made illegal after the Great Depression for obvious reasons. Leave it to a republican to bring it back…
24
Obvious_Chapter20822 days ago
+2
What was the obvious reason?
2
MammothPosition6602 days ago
+7
Long story short:
Buybacks offer a c**** 'out' for businesses which are literally not running well, but whom want to boost their share prices. It's like if you make pizza, and in order to make your business look good, you literally paid your friend Harry to buy all of the pizza, and then raise prices as a result.
Buybacks contribute massively to Stock Market Bubbles, which caused the Great Depression, which caused The Financial Crisis of 2008, and which will cause this now impending financial crisis, which is 100% attributable to the heinous actions of the Trump Administration alone.
7
James---Trickington2 days ago
+2
Too much to type, google “how stock buy backs helped lead to the Great Depression”. It’s not the sole cause but it is a contributing factor. Which is why they banned it after. Then Reagan doing his Reaganomics things, legalized it again, further contributing to the destruction of the middle class’s future that we are all still dealing with today.
2
BeefInGR2 days ago
I originally read this as Roman Reigns.
Explained why Jakob Fatu was talking about Rolex's and shoe deals. ☝️
0
stevemajor2 days ago
+11
Stock buybacks should be illegal.
11
Impressive_Box41442 days ago
+32
If they can afford to do that then maybe they didn’t need to raise rates
32
beepbeepbubblegum2 days ago
+4
It’s almost like these corporations can do whatever they want and charge whatever they want and nobody will do anything.
4
breakevencloud2 days ago
+6
I’m of the opinion that subscription services like this should have to send out an email/snail mail to all subscribers and get a “I accept” type of box checked from them before they can institute the price hike. If they don’t get responses back, which would obviously happen, then they have to cancel the persons membership instead of just hiking it on them.
6
Holiday-West96012 days ago
+10
Used to be illegal
10
mcfw312 days ago
+6
> On April 22, Netflix’s board of directors authorized the repurchase of an additional $25 billion of common stock, without an expiration date, the company disclosed in an SEC filing Thursday. That’s designed to return cash to shareholders — and goose the price of Netflix shares, which took a major hit after the company clinched an $83 billion deal to buy Warner Bros.’ streaming and studios business.
6
Specialist-Web-92162 days ago
+6
Sounds right, worried about their income before worrying about the consumer.
6
graffiksguru2 days ago
+5
So glad my rates went up TWICE this year. I'm done this time
5
CDavis107172 days ago
+5
The CEO needs more wealth.
5
fuck-nazi2 days ago
+3
Either ban stock buybacks, OR tax them at a 1:1 interest rate
3
Obvious_Chapter20822 days ago
We already do tax them, and there’s really no reason to want them banned
0
fuck-nazi2 days ago
+4
Other than companies aren’t investing that money into employees, R&D, or anything that benefits anyone other than shareholders
4
Obvious_Chapter20822 days ago
-2
Companies buy back their stock when there’s no other available profitable investments for them to spend cash on
-2
fuck-nazi2 days ago
+3
Which as I reiterated before does nothing but benefit share holders, at the expense of workers and purchasers of their products
3
amegaproxy1 day ago
Why are you assuming those are mutually exclusive? The workers at netflix will be able to get discounted shares, any other "worker" can buy netflix shares, pensions, 401ks will have netflix stock. Stop getting mad just because you've been told "shareholder" is a big scary word.
0
fuck-nazi1 day ago
+2
Majority of workers aren’t “shareholders” majority of workers are facing 1-2% wage increase in the face of double digit inflation. Which is a defacto pay cut
2
amegaproxy1 day ago
How many workers at Netflix own shares in their company?
How many retirement funds own a percentage of Netflix shares?
How many workers at Netflix received a > 2% pay increase within the last two years?
I presume you aren't about to say that you're talking about the wider workforce as a whole - but if you are for some bizarre reason, then what on earth do they have to do with how Netflix chooses to deploy their capital and how would the entire economic workforce have benefitted from Netflix either holding on to this or (almost certainly) paying it out as dividends instead?
0
GoldenGirlagain2 days ago
+2
Maybe invest in paying employees more or reducing the price of their services. Just an idea.
2
AcctAlreadyTaken2 days ago
+5
Criminal authorizes stealing shit to boost not paying for stuff.
5
GingerMcBeardface2 days ago
+2
Raise prices to fund stock buybacks. Fun
2
Nouseriously2 days ago
+2
Companies carrying billions in debt shouldn't be allowed to borrow more for stock buybacks
2
SVTContour2 days ago
+2
Netflix actually earns more interest than they pay by keeping their debt and holding the cash. 3.5% for the debt and 4.5% on their cash.
2
GoldenGirlagain2 days ago
+2
Nothing says a company’s doing great than having to buy back their own stock.
2
Brent_L2 days ago
+1
🏴☠️ the seven seas is the name of the game
1
travoltacorndog2 days ago
+1
CANCEL THAT SUBSCRIPTION\*
1
Zelvixor2 days ago
+1
F*** Netflix. http://fmhy.net/
1
bomilk192 days ago
+1
Thank god Trump lowered corporate tax rates so they higher ups can use the extra cash to tighten their grip on the reins.
1
GoldenGirlagain2 days ago
+1
I’ve spent hours trying to cancel Hulu. All I get is the run around. Hulu to Disney to Amazon to Roku. I’m impressed by the people who say they take free trials or cancel after a few months. What is the secret?
1
Ostentatious_Kilroy2 days ago
+1
Start cancelling streaming services in mass. Start buying all the physical media you can.
1
Stambro11 day ago
+1
We knew that was gonna happen when they raised the prices again!!
1
Interesting-Salt12911 day ago
+1
Yeah, we already canceled that. Also, f*** them for using AI dubbing.
1
roller_coaster3251 day ago
+1
Or…come up with better product
1
Ill_Equivalent_18101 day ago
+1
There are so many free streaming sites and as long as you dont download or share the media it's perfectly legal. yarr list . net
50 Comments