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Netflix stock plummets due to losing more subscribers
invite response
2022 Apr 20, 6:32am 5,574 views 53 comments
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52
B.A.C.A.H.
2022 Jun 10, 8:36am
B.A.C.A.H.
2022 Jun 10, 8:36am
WookieMan says
HeadSet says
I got an Instrument Rating and Commercial License when I was in my late teens in college. I flew the 150, 172, 182, Grumman Tiger, Bellanca Citabria, Rockwell Aero Commander (I think it might have been a "model 114"), Piper Cherokee.
In those days, most of the airlines required a college degree. It could be any degree, in any subject. My plan was to build hours while in college then follow the well-trodden path from air taxi to puddle jumper to regional airline to "majors". And to get a degree in something solid as a backup plan, in case I ever failed the physical from a heart murmur or (in those days) imperfect vision/hearing, or something else. I knew two such healthy folks who failed the ATP physical like that. They both wisely majored in solid fields and so got other employment.
My "solid" major opened some doors for me during college to work part time in "tech". Besides paying the college expenses I could now pay for more flying time. The goal was the next step, Multi-Engine. My college buddies took up golf. I would join them on most weekends, in the SF Bay Area the climate is mild enough to play gold year-round. My calendar, and my pocket book, could not support the flying and the golf. In my part time work I became more integrated into the company's technology development. I found the work more interesting and more fulfilling than the flying. Since I'd hung around the airport I knew a lot of young pilots, including a handful who made the transition to working for major airlines.
At the time, one of them, a bit older than me (late 20's) got his Dream Job working 3rd seat in a Boeing 727 for United Air Lines. In spite of his glamorous gig, I made more money than him working half-time as a research assistant at a sh*tty little tech company in Silicon Valley. I got so many stories about airline pilots I knew back in the day. Between me enjoying the golf, fascinated with the tech, and getting bored with the flying, I decided to ditch the flying.
Fast forward three decades. Kids done with college, house paid for, etc. Maybe I can pick up flying again as a hobby. I shopped around for insurance. First of all, life insurance policies mostly all have in fine print that they will not pay out for a death from flying (or riding in) a private plane. AOPA will broker a policy, but it's limit was 250K. Like BayArea has boasted on Patrick's website, that's Chump Change here in SIlicon Valley. I don't know if AOPA would broker ten policies for the same pilot, but at that point the premiums would be way more than the cost of the hobby.
A few years after that, I didn't care about the life insurance any more. Basically, "self-insured". However, the self-insurance amount could be target of a liability suit. You can also get a pilot's liability policy. Same problem. Any decent coverage will so be expensive that it will exceed the flying cost. Nonetheless I looked further into this.
When I was flying as a teenager, my flight instructors told me that they were not worried about my skill or judgement or whatever. They said that young pilots like me took the hobby seriously and were seldom in accidents. They told me that the pilots they worried about were successful affluent middle aged folks who viewed their airplane ownership and piloting as a hobby akin to golf or whatever. They told me these guys were a bit arrogant to assume that just like any other activity they were "on top of things". Sure enough, every one of the crashes I had a connection to would fit in that category. (Can you say, "JFK Junior"?) Nonetheless, I "knew" that wouldn't be me. I visited a flying school to inquire. All I wanted to do is buy the training manual to read up on resuming this activity. The guy at the front counter was the owner/chief instructor. He had me figured out. I could see the dollar signs in his eyes like the cartoon portrayal of Greedy Daffy Duck. He insisted in GIVING me the training manual. I said I wanted to pay him for it, even as he insisted. Finally, I got him to agree to take the payment, and that if I took refresh lessons from his school (he had a fleet of small planes and an army of young instructors), he could credit me back the cost of the training manual. He also insisted that he give me a "comp" demo flight that he would personally instruct, maybe even let me land the plane. "You will be enchanted", told said. I told him I'd take the manual home and get back to him.
OMG just a little bit of reading that training manual and I knew that if I picked up this as a hobby, just like JFK Junior and those middle aged pilots my flight instructors warned me about three decades ago, I'd kill myself or others. As a teenager I did not really respect all the knowledge and skill I'd accumulated in that "hobby". No way. It's not for me and in my opinion not for anyone like me.
If I get the itch to fly again I will hang around the airport and find some better-suited youngster to fly me around, and help him/her pay for the flying time.
Might pull the trigger and get the license and partner with a friend on a plane.
HeadSet says
I have only flown regular planes. Even then, I last flew in the 90s and that was a Cessna 172.
I got an Instrument Rating and Commercial License when I was in my late teens in college. I flew the 150, 172, 182, Grumman Tiger, Bellanca Citabria, Rockwell Aero Commander (I think it might have been a "model 114"), Piper Cherokee.
In those days, most of the airlines required a college degree. It could be any degree, in any subject. My plan was to build hours while in college then follow the well-trodden path from air taxi to puddle jumper to regional airline to "majors". And to get a degree in something solid as a backup plan, in case I ever failed the physical from a heart murmur or (in those days) imperfect vision/hearing, or something else. I knew two such healthy folks who failed the ATP physical like that. They both wisely majored in solid fields and so got other employment.
My "solid" major opened some doors for me during college to work part time in "tech". Besides paying the college expenses I could now pay for more flying time. The goal was the next step, Multi-Engine. My college buddies took up golf. I would join them on most weekends, in the SF Bay Area the climate is mild enough to play gold year-round. My calendar, and my pocket book, could not support the flying and the golf. In my part time work I became more integrated into the company's technology development. I found the work more interesting and more fulfilling than the flying. Since I'd hung around the airport I knew a lot of young pilots, including a handful who made the transition to working for major airlines.
At the time, one of them, a bit older than me (late 20's) got his Dream Job working 3rd seat in a Boeing 727 for United Air Lines. In spite of his glamorous gig, I made more money than him working half-time as a research assistant at a sh*tty little tech company in Silicon Valley. I got so many stories about airline pilots I knew back in the day. Between me enjoying the golf, fascinated with the tech, and getting bored with the flying, I decided to ditch the flying.
Fast forward three decades. Kids done with college, house paid for, etc. Maybe I can pick up flying again as a hobby. I shopped around for insurance. First of all, life insurance policies mostly all have in fine print that they will not pay out for a death from flying (or riding in) a private plane. AOPA will broker a policy, but it's limit was 250K. Like BayArea has boasted on Patrick's website, that's Chump Change here in SIlicon Valley. I don't know if AOPA would broker ten policies for the same pilot, but at that point the premiums would be way more than the cost of the hobby.
A few years after that, I didn't care about the life insurance any more. Basically, "self-insured". However, the self-insurance amount could be target of a liability suit. You can also get a pilot's liability policy. Same problem. Any decent coverage will so be expensive that it will exceed the flying cost. Nonetheless I looked further into this.
When I was flying as a teenager, my flight instructors told me that they were not worried about my skill or judgement or whatever. They said that young pilots like me took the hobby seriously and were seldom in accidents. They told me that the pilots they worried about were successful affluent middle aged folks who viewed their airplane ownership and piloting as a hobby akin to golf or whatever. They told me these guys were a bit arrogant to assume that just like any other activity they were "on top of things". Sure enough, every one of the crashes I had a connection to would fit in that category. (Can you say, "JFK Junior"?) Nonetheless, I "knew" that wouldn't be me. I visited a flying school to inquire. All I wanted to do is buy the training manual to read up on resuming this activity. The guy at the front counter was the owner/chief instructor. He had me figured out. I could see the dollar signs in his eyes like the cartoon portrayal of Greedy Daffy Duck. He insisted in GIVING me the training manual. I said I wanted to pay him for it, even as he insisted. Finally, I got him to agree to take the payment, and that if I took refresh lessons from his school (he had a fleet of small planes and an army of young instructors), he could credit me back the cost of the training manual. He also insisted that he give me a "comp" demo flight that he would personally instruct, maybe even let me land the plane. "You will be enchanted", told said. I told him I'd take the manual home and get back to him.
OMG just a little bit of reading that training manual and I knew that if I picked up this as a hobby, just like JFK Junior and those middle aged pilots my flight instructors warned me about three decades ago, I'd kill myself or others. As a teenager I did not really respect all the knowledge and skill I'd accumulated in that "hobby". No way. It's not for me and in my opinion not for anyone like me.
If I get the itch to fly again I will hang around the airport and find some better-suited youngster to fly me around, and help him/her pay for the flying time.
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https://www.thestreet.com/markets/netflix-stock-slumps-as-viewer-exodus-prompts-advertising-re-think?puc=yahoo&cm_ven=YAHOO&source=patrick.net
Rising prices and increasing competition make sense, but password sharing sounds like an issues theyve had for a decade, so I think its a BS reason.
I also think they left out another reason for failure: wokeness. Netflix has been ramping up their woke propaganda rapidly these past few years. IMO covid made people much more tolerant to that, so they pinched their noses and held onto their subscriptions anyway because they wanted entertainment while locked indoors. Now that society is mostly back to normal, some are rejecting it.