Netflix is the darling of the US stock market in the past few years. It once became the faang Star stock tied with apple and Google. However, after the release of the financial report in April, the share price plummeted all the way. In the past year, the share price fell from $700 at its peak to $187 now, with a market value loss of $200 billion, or about 1.4 trillion yuan.
Today, Naifei's market value is only more than $80 billion, only more than a quarter of the peak. Shareholders and investors have plummeted, and the company's prospects are also under pressure. at this time, CEO reed Hastings can't sit still. It is reported that he recently stated to the company's employees that if you don't like the company's content, you can choose to leave**
Reed Hastings used to be quite open-minded to the company's employees and has a high tolerance for their different opinions. However, now it also says to go away if you don't like it, which shows the great pressure inside Naifei company.
Netizens who have seen Netflix may know that their videos do not support double speed playback now, which is the result of internal employees' opposition, because employees think that the content they have worked hard to create should not be played quickly, which is an insult - although it is not good for the user experience, Netflix tolerated it and accepted the suggestions of employees.
After the CEO's tough statement this time, Naifei's future video content will also provide more viewers with diversified content, and give more consideration to the user experience, so that the audience can decide what content they are interested in, even if it is contrary to the values of employees.
