What is Netflix?

Many marquee public companies including Amazon, Netflix, and Facebook all broke their IPO issue price, undermining the idea that trading below issue price signals a failed offering.

“What do Salesforce, Netflix, Square, Amazon, Palo Alto Networks, Facebook, Snap, Proof Point, Netswuite, and Coree have No idea. They all broke issue.”

Netflix viewed-hours are growing only 1 to 2% per year, suggesting the platform's engagement growth is nearly flat.

“The number of hours, viewed hours for Netflix is growing 1 to 2% a year.”

Instagram Reels alone generates more revenue than all of Netflix, according to Jan Van Eck.

“Reals has now surpassed Netflix. All of Netflix, just Reals does more revenue than Netflix.”

Companies like Netflix and Waymo illustrate why large-data incumbents will train domain-specific models from scratch rather than fine-tuning open weights. Netflix may pre-train its own recommendation models, and Waymo has derived its own scaling laws.

“We've seen the likes of Netflix with their recommener systems like just I think they might have done their own pre-training whimo has their own scaling laws like I think all these companies with really large data can benefit from training and they start.”

Netflix's binge model kills cultural longevity: seasons are consumed in days and then drop out of conversation, while HBO's weekly cadence keeps a show alive for months of debate and theorizing.

“Netflix gives you the whole season at once and most people finish it in four to six days. After that, the show falls out of the conversation. HBO puts out one episode a week, so a season stays alive for weeks of theories, recaps, and arguments before the finale airs.”

Vayner Watt is expanding its content presence to Hulu, ABC, and Netflix, signaling a move from social-first into mainstream streaming.

“You like literally on Hulu and ABC and Netflix, like you're going to see Vayner Watt, Veayner Watt pop up.”

Meta's Reels is reportedly generating more revenue than Netflix.

“Reels is doing more revenue than Netflix.”

Netflix, flagged as a likely future bidder for NBC Universal, with Belski predicting the market will react positively to such a deal.

“I think the street will react differently when they make a run at NBC Universal, which they will.”

David Wood's forthcoming book on globalization, flagged by Paul Tudor Jones as likely to become a bestseller and a Netflix series, is worth tracking as a potential high-profile narrative on trade and economic history.

“I'll bet you gets made a Netflix series. I bet you it's going to be a banger.”