Why is raising prices is a good thing? I am scratching my head and can’t figure out. So people only think about the bigger pool or revenue, but no one thinks about more people will cancel their subscriptions now Netflix is more expensive? The competition is getting out of hand, it is a double suicidal move to raise the price IMO

Amazon and googleDoubling down to win streaming vs nflx

Wow stock jump on price raise. They just proven long term goal does not matter. Stock price do. Why not, after all they need to bail out investor who keep paying subscriptions in developing world to inflate revenue.Let's push this to 600+ and I will sure start shorting.

I don’t blame those of you who sold when it went above $510 and I think tomorrow is shaping up like another market selloff. But that said the election is likely over Tuesday night. A contested election could create some overhang but that appears unlikely to happen. The other uncertainty is covid. Well a second wave hardly hurts nflx. In fact it likely helps. So that’s why I didn’t sell some today. I think this stock will be in the $600 before the end of the year. I will take some profits before then but not selling at $510 right now.

that is precisely why analysts raised their target to 710 last month

Market pullback in the last few minutes definitely led to a small pullback here. But I didn’t sell a share. This is definitely a stock you want to own as we hit a second wave. I think it will be back to $550 range soon enough.

is it worth it to lose $13 for every cancellation? you need 13 subs raised by $1 to equal a single cancel. remember that

I usually subscribe once every four months to catch up on all the new content that I want to watch, but I think I'll make it once every six months now that prices went up. Let's see if subscriber growth is affected at all when they report next quarter.

Stock price overreaction to price increase. Price increases do not always help the company. Many other choices exist today.

I think the price hike is ill advised, esp when so many are still unemployed. Netflix is going to lose 40 percent of its subs over this.

$NFLX subscription price increase is a huge positive for ROKU. A lot more content available on ROKU for free! Go ROKU!

Anyone else buy this morning by accident because it was cheap, without a clue it would go up like this?I just made $1000 😂👍📈

My favorite show on NFLX is scrolling through the shows for twenty minutes, and then dozing off.Yet I'm still a subscriber!

With Apple down more than five percent after earnings, expect the volatile selloff to resume on Friday. Good luck to all and be disciplined when entering and exiting positions.$spy$^dji $^gspc $^ixic $qqq $amzn $fb $pins $snap $nflx $intc $sbux $msft $f $c $cvs $ibm $amd

https://www.benzinga.com/wiim/20/10/18128257/netflix-shares-are-trading-higher-after-the-verge-reported-the-company-is-raising-its-basic-plan-pri

The reason for the big jump: According to The Verge, Netflix $NFLX will be introducing price hikes for US subscribers today,The basic plan will remain at $9 per monthThe standard plan will be increased by $1 to $14 per monthThe premium plan will be increased by $2 to $18

heading to $550 again.

They raised prices in USA, the popular plan is $14 and the most expensive is $18

Boom!

What just happened