Though Netflix is usually known for producing high-end streaming entertainment, its business trends as of late leave something to be desired.
The company’s stock price recently dropped a staggering 35 percent, the biggest drop that the service has seen since the early days of its establishment in 2004. This comes after the news that the company had lost 200,000 subscribers following the end of the first quarter of 2022.
Apparently, however, that’s just the tip of the iceberg, as the company predicts it will lose two million more subscribers over the course of the year, based on new decisions to cut back on sharing accounts and introducing new ad-based subscriptions. They hope these moves will continue to improve the “core service,” but what does that say to those that invested money into the company?
Devlyn Steele, who serves as director of education for Augusta Precious Metals, sits down with us now to talk about the changing state of Netflix, and why there are better investment opportunities available – particularly with gold.
Q & A
- Why do you think Netflix is losing so many subscribers? Is it the changes to the business model, or do you think they’re not producing enough content to keep people entertained?
- What kind of an impact do you believe this will have on an investors, especially as they project losing two million more subscribers over the next few months?
- Is investing in streaming services right now a good idea or bad idea? Some are popular, like Disney+, but could the competition lead to the loss of more viewers down the road?
- You’ve said for years that gold is a key investment to make, even in these times of growing inflation. Why does it continue to be valuable over all this time, especially over other things to invest in?
- Would you say that silver is worth investing in as well? Any other investments you can recommend making over Netflix?
- Where can we learn more about Augusta and what it can offer to consumers?
- You can visit the official website at AugustaPreciousMetals.com.
About Devlyn Steele:
Devlyn Steele began in 1983 as a financial analyst for Butler Aviation and went on to work for UPS and People’s Express Airlines. As his career has progressed, he’s been an analyst in various industries, from finance, manufacturing, and technology to venture capital and more. He has sat on the boards of several Silicon Valley and technology companies and still does.
He is a member of the Harvard School of Business analytics program and predicted the housing crash in 2008 and the rise in gold and silver that followed.
Devlyn is an avid investor in all markets: real estate, stocks, gold and silver, and cryptocurrencies, and is a gold bull.
Devlyn is the director of education for Augusta Precious Metals. His focus as an analyst is primarily on Federal Reserve policies that can affect the dollar and precious metals.
CONTACT: To schedule an interview with Devlyn Steele, email jerry.specialguests@gmail.com.
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