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this post was submitted on 04 Oct 2023
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I'm guessing Elon stealth-bought Netflix and is speedrunning company destruction again. It's the only thing I can think of that makes sense.
They dominated the market. Their model REQUIRES growth to continue for it to make sense (stock ponzi) so they need to find ways to promise profits to shareholders.
They can't easily attract new customers so instead they are obligated to squeeze existing customers.