Netflix investor sues vid giant for 'covering up' subscriber stats stumble

Giant corp covers up mistakes?

I find this shard to believe!

Anybody believe me? Yeah I can't say it with a straight face either.

Amazing part of US business practice. Destroy the company you invest in at every op.

Worked for a couple of US companies where the US shareholders destroyed the companies by suing for extra dividends rather than allowing the companies to invest in R & D. Net result: The now non competitive companies had to sell to get capital to survive. Which bits sell - yes, the profitable bits leaving the companies with the bits that no one wants or aren't profitable. Pretty soon nothing left of either company. But happy investors!

Lying to regulators, consumers, even Nations OK, but just once.....

So it's OK to lie to regulators, and consumers but not Shareholders? Modern capitalism at work, next they will be asking for a bail out or more QE to buy their stock.

I dont think netflix lied

I for one didn't really care about the price rise as a subscriber. I cared that Netflix blocked me access the Netflix content I wanted (US version) raised the prices, then when i asked them about why blocking they expressed that companies they pay for content were more important than their own customers. I took that to mean they cared more about obliging content providers and that my watching US content was me stealing so i figured rather than pay them for access to content they wont let me watch id just back to torrenting.

It's my opinion that any investor who doesn't realize that price increases are going to effect the profits in some way without explicitly being told they are going to do so has absolutely no idea about businesses in general and shouldn't really be investing if they are that thick.

All this lawsuit achieves is confirm how thick they are.

it's like suing the moon because the Sun went down.

Share Prices

Did no one tell these numpties that the value of shares go down as well as up? Strange concept I know.

Investor

Can we stop calling people who buy shares investors? Unless they buy directly from the company they haven't invested a single penny in it. They instead take money from the company via the part of the company they have bought. The complete opposite of investing.