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Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus

 
NET FLUKKKED
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05/04/2022 09:02 PM
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Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
[link to www.breitbart.com (secure)]

As its stock tanks and its subscribers continue to flee, Netflix is now facing a shareholder lawsuit accusing the left-wing streamer of misleading investors about the difficulties the company was experiencing in retaining customers.

The lawsuit, which was filed Tuesday in a northern California federal court, covers Netflix shareholders who bought the stock between October 19, 2021 and April 19, 2022 — a period during which the value of the stock plummeted a stunning 67 percent.

“As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s securities, Plaintiff and other Class members have suffered significant losses and damages,” the court filing states.

The suit, which is being brought by a trustee of an entity called the Imperium Irrevocable Trust, cited public statements made by Netflix during its most recent third and fourth quarter earnings reports in which the company painted an optimistic picture of subscriber growth.
Anonymous Coward (OP)
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05/04/2022 10:44 PM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
workdone1
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05/04/2022 10:46 PM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
It’s more than what you think. Every Airbnb house has some old Netflix account on it and you can watch for free. It’s a system made to be given to family and friends for free so they can exaggerate the number of viewers at any given time. Most viewers aren’t paying customers.
Anonymous Coward
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05/04/2022 10:59 PM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
epiclol
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05/04/2022 11:02 PM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Didn’t the Obama’s sign a huge deal with Netflix? After Obama made a push for net neutrality? I wonder if they can still afford their two oceanfront properties, which will be underwater when “global warming” arrives.
Question EVERYTHING

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05/04/2022 11:04 PM

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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
workdone1
 Quoting: Anonymous Coward 83108342


Didn’t the Obama’s sign a huge deal with Netflix? After Obama made a push for net neutrality? I wonder if they can still afford their two oceanfront properties, which will be underwater when “global warming” arrives.
 Quoting: Anonymous Coward 74004195


He sure did...

Everything these people touch is AIDS.
First they ignore you, then they laugh at you, then they fight you, then you win. ~ Mahatma Gandhi

"Always, at every moment, there will be the thrill of victory, the sensation of trampling on an enemy who is helpless. If you want a picture of the future, imagine a boot stamping on a human face—forever." ~ George Orwell

"The exact level of tyranny that you're going to live under, is the level of tyranny you put up with." ~Thomas Jefferson

"All tyranny needs to gain a foothold is for people of good conscience to remain silent. ~ Thomas Jefferson
CK Dexter Haven

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05/04/2022 11:07 PM

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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
workdone1
 Quoting: Anonymous Coward 83108342

Welcome to Netflix

chuckle
Anonymous Coward
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05/04/2022 11:09 PM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
workdone1
 Quoting: Anonymous Coward 83108342


Didn’t the Obama’s sign a huge deal with Netflix? After Obama made a push for net neutrality? I wonder if they can still afford their two oceanfront properties, which will be underwater when “global warming” arrives.
 Quoting: Anonymous Coward 74004195


He sure did...

Everything these people touch is AIDS.
 Quoting: Question EVERYTHING

TRUMP-wng1
Anonymous Coward
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05/04/2022 11:12 PM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Netflix already plans to turn this legal action into a blockbuster mini-series.
Anonymous Coward
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05/04/2022 11:14 PM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Netflix already plans to turn this legal action into a blockbuster mini-series.
 Quoting: Anonymous Coward 83110119


weirdo
Anonymous Coward
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05/04/2022 11:23 PM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
They gave hundreds of millions to the Obamas and Harry and Dingbat. You get what you pay for, Netflix, and you are what you eat!
Anonymous Coward
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05/04/2022 11:27 PM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Didn’t the Obama’s sign a huge deal with Netflix? After Obama made a push for net neutrality? I wonder if they can still afford their two oceanfront properties, which will be underwater when “global warming” arrives.
 Quoting: Anonymous Coward 74004195


It's not nice making fun of Limousine Liberals and Champagne Socialists. It's not their fault they're so greedy, conniving, decadent, unethical and mean-hearted.

God created some humans to be sociopathic liberals. So blame him/her/it/them/(pronoun of your choice).
Anonymous Coward
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05/04/2022 11:27 PM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Netflix problems got markedly worse when they hired Obama….just like the nations problems got worse when Obama was elected.

Coincidence? I think not.


obama9
KipKat

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05/08/2022 10:02 AM

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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Go woke, go broke..
:kkwapper:
Coy

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05/08/2022 10:04 AM

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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Democrats only hope is starting WWIII for pure distraction and their grievous self-loathing.
Anonymous Coward
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05/08/2022 10:13 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
flip

paying for netflix is like paying for glp

flip
Catnip

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05/08/2022 10:15 AM

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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
[link to www.breitbart.com (secure)]

As its stock tanks and its subscribers continue to flee, Netflix is now facing a shareholder lawsuit accusing the left-wing streamer of misleading investors about the difficulties the company was experiencing in retaining customers.

The lawsuit, which was filed Tuesday in a northern California federal court, covers Netflix shareholders who bought the stock between October 19, 2021 and April 19, 2022 — a period during which the value of the stock plummeted a stunning 67 percent.

“As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s securities, Plaintiff and other Class members have suffered significant losses and damages,” the court filing states.

The suit, which is being brought by a trustee of an entity called the Imperium Irrevocable Trust, cited public statements made by Netflix during its most recent third and fourth quarter earnings reports in which the company painted an optimistic picture of subscriber growth.
 Quoting: NET FLUKKKED 83108342


Has anyone noticed that Netflick's current problems all began after the Obamas came onboard?
"When you change the way you look at things, the things you look at change"
Anonymous Coward
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05/08/2022 10:17 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
I canceled mine. That pregnant man series “He’s Expecting” did it for me.
Anonymous Coward
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05/08/2022 10:21 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
The only time I subscribe to Netflix is when there is a show specifically that they have that I want to watch but that list is getting smaller by the day.

As far as new shit I don't care to have CRT, homo shit, transfender shit and every other liberal shit crammed down my throat.

So netflix is pretty much shooting themselves in the foot. If they want people to return then they need to remain politically neutral and stop pushing leftist shit and just go back to entertainment that everyone can enjoy.
Anonymous Coward
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05/08/2022 10:27 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
The only time I subscribe to Netflix is when there is a show specifically that they have that I want to watch but that list is getting smaller by the day.

As far as new shit I don't care to have CRT, homo shit, transfender shit and every other liberal shit crammed down my throat.

So netflix is pretty much shooting themselves in the foot. If they want people to return then they need to remain politically neutral and stop pushing leftist shit and just go back to entertainment that everyone can enjoy.
 Quoting: Anonymous Coward 72881496


^^^^^^THIS 1000% ^^^^^^^^^

Just stfu and sell to EVERYONE
Catseye

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05/08/2022 10:30 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
I remember when they started, I would get DVDs in the mail and then send them back in a couple of days. It was great in the beginning.
Forgive your enemies, it messes with their heads.

Thoughts create, mind them well.
Anonymous Coward
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05/08/2022 10:33 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Sign it and join us

America has had enough

[link to dropdisney.com (secure)]
Anonymous Coward
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05/08/2022 10:33 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
BTW, they recently tried to charge my credit card $11 , 2-3 years after I quit them.
Anonymous Coward
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05/08/2022 10:33 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Ha ha fold satanic woke b company
Anonymous Coward
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05/08/2022 10:34 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
They are raiding my card too
RtMichigan

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05/08/2022 10:58 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Should be thrown out of court.
You invest in a liberal company and don't expect to get ripped off?
Terrebonne

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05/08/2022 11:25 AM

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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
workdone1
 Quoting: Anonymous Coward 83108342


Didn’t the Obama’s sign a huge deal with Netflix? After Obama made a push for net neutrality? I wonder if they can still afford their two oceanfront properties, which will be underwater when “global warming” arrives.
 Quoting: Anonymous Coward 74004195


He sure did...

Everything these people touch is AIDS.
 Quoting: Question EVERYTHING


dididothat

.
INFJ; We are the protectors; One Percent of the population.

We put a lot of energy into identifying the best system for getting things done, and constantly define and re-define the priorities.

We know things intuitively, without being able to pinpoint why, and without detailed knowledge of the subject at hand. We are usually right, and we usually know it.

[link to www.personalitypage.com]

.
Anonymous Coward
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05/08/2022 11:26 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
When I first got Netflix streaming their top documentary was Zeitgeist.

But, at some point they went woke and therefore they are now broke.

I guess it was just too easy for a while, streaming MCU movies and classic films and such.

They were in first position. They had a thousand avenues that they could've taken. They chose to jack up their rates and take on an insane amount of loans and use it to overpay Hollywood has beens to make movies that they don't even bother to quality control.

This was predictable.

But not by the boardroom spreadsheets they produced. Those were as fnaciful as global warming spreadsheets.

People need to stop turning their brains off when they look at spreadsheets.

Analytics is a fancy way of talking out your ass. It's right in the name, ANALytics.
Anonymous Coward
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05/08/2022 11:26 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Netflix already plans to turn this legal action into a blockbuster mini-series.
 Quoting: Anonymous Coward 83110119

Dear Whitey...
Staring Will Smith to bitch slap everyone who males a joke...
Oprah Winfrey as Aunt Jamimma
Morgan Freeman as GOD.
Mike Obamma as Venus.
Barrack Obamma will play the savior...
Anonymous Coward
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05/08/2022 11:28 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Go woke, go ...


Those Democrats are slow-learners.
Anonymous Coward
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05/08/2022 11:32 AM
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Re: Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus
Netflix already plans to turn this legal action into a blockbuster mini-series.
 Quoting: Anonymous Coward 83110119

Dear Whitey...
Staring Will Smith to bitch slap everyone who males a joke...
Oprah Winfrey as Aunt Jamimma
Morgan Freeman as GOD.
Mike Obamma as Venus.
Barrack Obamma will play the savior...
 Quoting: Anonymous Coward 81003523


Too late to cast Leonardo DeCaprio and the white cast from Django to play the stick holders?





GLP