All the naysayers were correct. Netflix is losing money and subscribers in North America.
Netflix did add subscribers, but not in the markets where they cracked down on password sharing. They added subscribers in countries where they don’t charge very much for subscriptions. So they didn’t make much money from the new subs.
Because back in the 50s everyone had a growth mindset. Rightfully so, because the population was increasing, and women went to work. Now populations are beginning to shrink, so markets are bound to shrink with it if it continues with the same mindset.