▪️”People need to understand” typically means “I’m talking out of my ass about something I don’t understand” on social media. Instead of actually looking at Netflix’s financial statements this meme creates their own version of reality, which isn’t even close.
▪️The meme takes 292M subscribers X $20/month to get their phantom revenue, but Netflix has only 238M subscribers and most pay far less than $20/month. In Europe they avg $10.87 per subscriber, in Latin America $8.58 and just $7.66 in Asia. But you’d have to actually read their financials to know that.
https://ir.netflix.net/financials/quarterly-earnings/default.aspx
▪️Netflix had a gross revenue of $8.2B in the 2nd quarter, on track for ~$32B this year, or $2.7B/month. But they have expenses, they can’t spend all of their revenue on movie budgets. There’s so much this meme doesn’t factor in, like the cost of licensing all the movies and shows they keep on the platform, that Netflix has $14B in long-term debt and $27B in liabilities, etc.
▪️Currently, Netflix is doing well and making solid profits (which is its purpose). But it’s in an extremely competitive space, with Disney, Amazon, Hulu, HBO, NBC, etc. all vying for consumer’s limited money for streaming entertainment. Other big players like Apple are also in the mix.
▪️The notion that Netflix, or the others, don’t care if they have a 2 year hiatus of show production because “they’re billionaires” is absurd. Nearly their entire revenue stream relies on subscriptions, which would dry up quickly with no new content.
▪️They have no hold on the market and are probably aware that what Netflix did to Blockbuster could happen to them at any moment if they aren’t smart and innovative. Part of being smart in business means not thinking like this meme does.
▪️These pages have a childlike view of business, where everything is simple, money flows by the billions forever, so the only explanation for stalled contract negotiations is greedy CEOs. They know nothing of the business itself or finance, they just create a fantasy out of thin air to whirl themselves into outrage.
▪️This is a proposal that pertains only to graduate level nursing degrees, not undergraduate ones (which were never considered professional degrees). The proposal will have a 30-60 day public comment period next year, where groups can object, before the DoE will decide on it.
▪️This is about how much federal student loans someone can take out for a particular degree. The cap on graduate degrees is $100k ($20,500/yr), while a “professional degree” limit is $200k ($50k/yr).
▪️Under the new rule proposal, professional degrees include:
🔹Pharmacy
🔹Dentistry
🔹Veterinary medicine
🔹Chiropractic
🔹Law
🔹Medicine (including osteopathic medicine & podiatry)
🔹Optometry
🔹Theology
▪️The nursing degrees excluded are ones like master of science in nursing (MSN), doctor of nursing practice (DNP) and PhD in nursing. These degrees would be limited to $100k in federal student loans, like all other graduate degrees.
▪️These changes came from the One Big Beautiful Bill’s...
▪️The left keeps using this meme but they don’t actually believe it. If you believe SNAP subsidizes companies to pay below a “living wage” this implies that if you take food stamps away they would suddenly pay a higher, “living” wage. So why not get rid of food stamps, then?!
▪️Except they know, and everyone knows, this isn’t true. Wages are set by supply and demand, not some mythical “living wage” metric. Absent food stamps there would actually be downward, not upward, pressure on wages, because the reality is food stamps subsidize the poor to not work as much as they might otherwise need to.
▪️Without SNAP, some low income people would need to work more hours to make ends meet, increasing the availability of low-skilled labor and lowering wages (all else being equal).
▪️Plus, we all know the left loves and supports food stamps. Which means, by this meme’s logic, they love to subsidize corporate profits. But they don’t really, they just think this ...
▪️Wait, this is the guy libertarians and the new right rave about being a great historian?! This sounds like a clueless meme from The Other 98%, except they wouldn’t add in the bizarre defense of feudal lords. Feudalism didn’t deprive peasants of their livelihoods for abstract goals? This is total fantasy.
▪️Amazon employs 1.55M, so this is less than 2% of their workforce, although these cuts will be to corporate, which employs 350k, so 8.5% of that. The CEO says there is an excess of bureaucracy at Amazon, and AI can automate certain repetitive tasks. Also, much of the cuts will be to HR, which is expected shrink by 15%, yay. Managers and HR are peasants now?
▪️I don’t know the inner workings of Amazon, and neither does Darryl, but this seems to be normal management practice to keep a company efficient and competitive. Given the immense size of Amazon the numbers look large, but far bigger shakeups happen all the time in the private sector. Apparently, under the new ...
