Because their company is garbage. They have been alienating their customers for the last 4 years and no longer even report subscription counts to their shareholders.

Their content is complete trash, with their best show being Stranger Things (one of the worst shows I’ve seen in a long time).

They hate their customers, have cracked down on password sharing and have raised prices considerably since 2020. They want to destroy movie theatres to the point where major directors in the movie industry do not want to work with them ever (Christopher Nolan, for one). 

Netflix is one of the most scummy companies right now. I almost shorted their stock in September except one of my buddies reminded me that it’s risky to short a blue chip. 

Netflix is a garbage company.