Netflix suffers as a result of Apple privacy changes

Palihapitiya made her concerns about Netflix on the “All-In” podcast, hosted by renowned angel investor Jason Calacanis. The impact of Apple’s privacy measures, according to venture capitalism, is clearly the first of Facebook parent assets Meta Platforms Inc FB -2.11 percent. How To Train Options On Budget For Great Achievements In A Short Time Of Time Now is the time to sign up! (This is a limited seating event.) “Netflix is ​​some of a canary in the coal sanctuary” in terms of the reduction of online advertising, according to Palihapitiya.

“I think it is very difficult for these ads to be as effective as they used to be and will only get worse,” he added, referring to Google-based Alphabet Inc GOOGL -4.15% GOOG -4.26% implementation of such changes si. Apple inside Android ecosystem.

See Also: How to Buy Netflix Stock (NFLX). Why it matters: Mark Zuckerberg-led Meta’s CFO, Dave Wehner, said in a call for the company’s fourth-quarter earnings in February that Apple’s privacy changes would be a $ 10-billion milestone for the company. Palihapitiya says the cost of buying a customer “goes up,” so companies that “live and die” on it will be on an “expensive road.”

On Netflix, Palihapitiya said that the role of Apple privacy standards is a “macro” factor while “blog stuff” is a person who goes out of a job “when the amount is not enough.” “When you spend $ 20 billion a year on content but more people are leaving the industry you have to figure out how much you spend in these areas.” Netflix rivals Walt Disney Co’s DIS -2.75% Disney + and Apple streaming service is claimed by Palihapitiya as the best in the content space.

Netflix shares fell last week after the company reported the loss of its first subscribers since 2011. In the first quarter of FY 22, the company’s revenue grew 9.8% year-on-year to $ 7.71 billion lost valuation of $ 7.93 billion growth. Price Performance: On Friday, Netflix shares closed 1.2% lower at $ 215.52 on a regular basis. Shares declined another 0.8% in after-hours trading. On the same day, Apple shares closed 2.8% lower at $ 161.79 on a regular basis, according to data from Benzinga Pro.

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