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Message
re: NETFLIX stock in free fall
Posted on 3/29/18 at 9:28 am to Walkthedawg
Posted on 3/29/18 at 9:28 am to Walkthedawg
Last night when I opened up my Netflix, I got this message:
"We occasionally update our Terms of Service. If you agree, continue on blah blah......If you disagree, you can cancel your membership under the XXXX section"
Was pretty shocked at the wording.
"We occasionally update our Terms of Service. If you agree, continue on blah blah......If you disagree, you can cancel your membership under the XXXX section"
Was pretty shocked at the wording.
0
Posted on 3/29/18 at 9:29 am to rintintin
quote:
don't get why people are getting excited about these tech companies falling. Y'all probably use the majority of their products everyday.
Well it's like this. We are happy that the conservatives are starting to use their purses and wallets like the left has in the past.
Its dropping because they are putting Susan Rice on their board.
Btw... as of yesterday.... We no longer have netflix because of this.
Posted on 3/29/18 at 9:29 am to rintintin
No doubt, there is plenty of hypocrisy to go around these days. Companies/industries have always lobbied and looked out for their own self-interest, and I don't fault them for that. What I take issue with is the hyper-partisanship the tech and entertainment industry have both adopted as of late. Ostracizing half the country isn't wise for any company.
Posted on 3/29/18 at 9:29 am to rintintin
quote:
Eh, as another poster said, you must be unaware of how CC companies make money. They want every person in the world carrying their card, balance or not.
They take a piece out of every purchase made.
I'd have to imagine they make the bulk off of interest though?
Posted on 3/29/18 at 9:29 am to LSURussian
Why would a movie company want to be associated with a person who blamed a terror attack on a video and cheered on that guy being arrested?
Why would a company with a bunch of sensitive data want to be associated with someone who blatantly abused her access to sensitive data?
Why would a company with a bunch of sensitive data want to be associated with someone who blatantly abused her access to sensitive data?
Posted on 3/29/18 at 9:30 am to rintintin
quote:
Eh, as another poster said, you must be unaware of how CC companies make money. They want every person in the world carrying their card, balance or not.
They take a piece out of every purchase made.
Yeah, a hefty business expense account type, paying off their balance every month, is every bit as valuable (if not likely more so) to a CC company than your average deadbeat paying the monthly minimum on a $3,000-4,000 balance, that they are just as likely to declare bankruptcy on at some point as payoff.
This post was edited on 3/29/18 at 9:31 am
Posted on 3/29/18 at 9:31 am to Powerman
quote:
If they have a credit card account with Citi and they closed it out immediately it means they aren't carrying a balance. If they aren't carrying a balance they're more of a nuisance to Citi than a profitable client.
Not necessarily. Maybe they were able to payoff the balance to close the account. Or maybe they were the type of person who used their card to get the rewards points and paid of the balance every month. Even if they payoff in full every month and don't pay interest, Citi still makes money on merchant fees every time their card is used.
ETA: Why do you think CC companies offer cash back, flyer miles, and all these other kinds of points? They want you to use their card for every thing you buy because they make a ton of their revenue from merchant fees. Interest on people carrying a balance is just langiappe.
This post was edited on 3/29/18 at 9:34 am
Posted on 3/29/18 at 9:31 am to LSURussian
quote:
What loopholes does Wal-Mart use?
quote:
The company, which challenged the findings, holds at least $76 billion in assets through shell companies based in the low-tax havens of Luxembourg and the Netherlands
Basically, what Amazon does
Posted on 3/29/18 at 9:38 am to Jack Bauers HnK
quote:
quote:
If they aren't carrying a balance they're more of a nuisance to Citi than a profitable client. So they're essentially doing a favor to the company they disagree with.
Do you think credit card companies are only making money by charging interest? A lot of merchants would be happy to educate you on how much they have to pay every time a card is swiped.
And Citibank gets ranked and rated as a card issuer by the mere volume of accounts. How's that Diner's Club card working out? Used to be all the rage back in the 50's, never actually seen or held one of their cards in my 54 year lifetime though.
Posted on 3/29/18 at 9:38 am to Powerman
I would guess they make a heavy amount on interest considering the high interest rates, but as the poster above me said, they just as likely (if not more) want someone who pays off their full balance monthly because that responsible user is more likely to keep the card over the long haul, as oppose to a financial degenerate who would close the card or file bankruptcy.
If they can take 2-4% of every single purchase you make (from the vendor not the user), that's a ton of money.
If they can take 2-4% of every single purchase you make (from the vendor not the user), that's a ton of money.
Posted on 3/29/18 at 9:40 am to Walkthedawg
I'm not going to root for companies to fail, but I do chuckle that the left now has to deal with the same bullshite tactics they employ.
Posted on 3/29/18 at 9:41 am to rintintin
quote:
I don't get why people are getting excited about these tech companies falling. Y'all probably use the majority of their products everyday.
remember who you’re dealing with here
LCD
Posted on 3/29/18 at 9:47 am to Walkthedawg
Perhaps stockholders are afraid she will unmask and leak secrets to Hulu?! 
Posted on 3/29/18 at 9:47 am to Good Times
quote:Sure. Okay.
Cancelled Netflix right before coming back to TD and seeing this thread.
Posted on 3/29/18 at 9:48 am to HubbaBubba
Posted on 3/29/18 at 9:51 am to sicboy
quote:
I have a friend who cancelled his Netflix when they released "Dear White People" or whatever it was called. He actually posted on twitter "I vote with my wallet".
He renewed it back up a few months ago. Reactionary behavior is so fun to watch.
Did he realize just because “Dear White People” was on Netflix that did not mean he had to watch it.
I know I didn’t.
Posted on 3/29/18 at 9:51 am to rintintin
quote:
If they can take 2-4% of every single purchase you make (from the vendor not the user), that's a ton of money.
Sure
But I'm sure that number isn't nearly what they make from interest and late fees
Posted on 3/29/18 at 9:54 am to memphis tiger
quote:
Did he realize just because “Dear White People” was on Netflix that did not mean he had to watch it.
I know I didn’t.
He goes through these phases where he tries to find things to get upset at.
ETA I'll go to his house and on his computer is nothing but websites and youtube videos preaching about how messed up the left is. He's saturated in it.
This post was edited on 3/29/18 at 9:56 am
Posted on 3/29/18 at 9:56 am to Walkthedawg
Will someone bump this thread in a few days or a month after Netflix has gained all of this back, much like the idiots who start threads about how Trump's ruining the economy based on 1 day of the DOW tanking?
Posted on 3/29/18 at 9:57 am to Powerman
I'd actually like to see those numbers.
Over the long haul,
Would you rather taking 2-4% of someone's purchases for 20+ years?
Or 20% annual interest rate on someone who will close the card, not pay the card off, or file bankruptcy after a few years, then maybe never be eligible to get your card again?
I think they sell off those debts after a short time also.
Over the long haul,
Would you rather taking 2-4% of someone's purchases for 20+ years?
Or 20% annual interest rate on someone who will close the card, not pay the card off, or file bankruptcy after a few years, then maybe never be eligible to get your card again?
I think they sell off those debts after a short time also.
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