9 billion? That's what per $10 subscription? 900 million people! Your telling me 900 million people have canceled Netflix over this? Are we talking a 9 billion dollar eval.? If so then none of this matters too you and I unless your a board member or own stock.
Hell just alone the new season of cobra kai will bring in a decent amount of viewership too offset some of this. I dont condemn nor applaud anyone for keeping or canceling the service but let's not turn an ant hill into a mountain. Netflix's entire stock could take a shit and they could still be propped up long enough by existing subscribers until the next new faux outrage is declared.
In other words, this doesnt mean jack shit in the real world.
It is talking about the stock market value. Netlfix is worth 220 billion, so 9 billion in either direction is peanuts. Their stock price went down between September 1st and September 14, and is now going up again. And that was after it spiked up in the last week of August. As in, the price went up after the release of Cuties and is now sitting at where it was before it came out.
The 9 billion loss was between the 9th and 10th. Then there was an 8 billion increase between the 14th and 15th.
Netflix is not super transparent with its metrics so a lot of what you see about them are just estimates. They are losing subscribers right now, and at a relatively high rate, but that is also they had massive gains in the first half of the year from everyone being in quarantine, and that was after everyone was saying they were going to be killed by things like Disney+ saturating the market.
But that is a lot more boring than some CLICKBAITY youtube channel that ABUSES capslock!