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Netflix lost subscribers. This was huge next. For the first time in a decade, the company had to answer why the subscription rate turned negative.
In this video I discuss how this is a sign of economic headwinds. Budgets are stretched and discretionary spending gets cut. Here is where we see the first holes in the dam. As consumers start to cancel those which is option, we see segments of the economy start to deflate. This eventually spread as layoffs take hold and companies make moves to try to fend of the freefall.
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