Netflix should have gone under a couple years ago. They were borrowing billions in junk rated debt back in 2017. The pandemic and all the easy money saved them. Their only option to make more money is to keep raising their prices which is harder in the face of actual competition. Now with easy money policies pulling back and inflation hitting their bottom line while consumers tighten due to higher food and gas prices, Netflix actually as to deliver and they can't.

They just never really were to powerhouse people gave them credit for being. They just had a lot of money being thrown at them because it was easy money for wall st. As the money pulls back, they can't keep it together.