Why do people still read and upvote Forbes blogspam?
Netflix revenue, net income, EPS, operating income, cash on hand and share price are all up quarter-over-quarter and year-over-year. They added 6M subscribers last quarter while the password crackdown was in full swing. They are doing just fine.
As of a few years ago, you need to update your thinking about Forbes from "fairly respected business media outlet" to "blogging platform". Most of the contributors are not journalists per se, nor are their articles edited or fact-checked any more than a blog article would be. This is fine, except that it isn't made clear at all to readers, who often just recognize the brand name and assume a higher standard of quality than there really is. Forbes is in the phase where it is withdrawing any banked up credibility it earned in the past.
Netflix revenue, net income, EPS, operating income, cash on hand and share price are all up quarter-over-quarter and year-over-year. They added 6M subscribers last quarter while the password crackdown was in full swing. They are doing just fine.