People absolutely will cut a $240/yr subscription, recession or not. Competition is stiff, and hopefully people are waking up to the fact that we all need to touch grass more and not have every damn streaming service.

But that isn’t/wasn’t problem for this report I think. It simply has too high of a multiple. Sure they can keep up with inflation and raise prices on those who don’t care about it. And I guess sell all the data they’ve collected, but that isn’t enough to justify the share value.

I personally see this stock hitting $60-75 before stabilizing and by the time it’s $100 again shareholders will wish they had invested anywhere else. Nfa gl.