On Wednesday, Netflix lost subscribers for the first time in ten years, leading to the streaming giant’s shares to tumble to 38-percent. During a segment on CNN, “Reliable Sources” host Brian Stelter stated to anchor Kate Bolduan that the company became “high on their own supply” of content.
Stelter speculated that the reason Netflix stock fell off a cliff was due to the competition they’re beginning to face as other companies jump into the streaming service game.
“Disney, our parent company Warner Brothers Discovery, other big players, all with gigantic streaming services,” among other factors, Stelter stated on “At This Hour With Kate Bolduan.”
“I think what happened for Netflix, for a while, they were high on their own supply. They believed they were the future of everything. Everything was going to be streaming all the time. And maybe that’s not quite true. Maybe the future is all of the above.”
Stelter and Bolduan also tackled another issue affecting Netflix subscribers, password sharing. Stelter even went as far as telling on his brother, who has his Netflix password.
“I mean, my brothers, they still share my password in Maryland,” Stelter said. “But that’s not going to last for much longer. It’s not going to last much longer because Netflix needs people like my brothers to go ahead and start to pay,” Stelter said.
Stephanie Ruhle Has No Pity for Crypto Investors Amid Decline
Ruhle, a former investment banker, told crypto investors on “Morning Joe” not to expect any government help or relief.
For those who dabble in cryptocurrency, MSNBC anchor Stephanie Ruhle has little sympathy for investors following the last week’s collapse in the value of digital coins.
During a segment on Friday’s edition of “Morning Joe,” “The 11th Hour” host, a former investment banker, also told crypto investors not to expect any government help or relief.
She added that they have only themselves to blame for purchasing the unstable currency over more conventional assets.
“Let’s remember: The entire basis of crypto is secrecy. It is decentralization. It’s ‘Don’t tread on me. I don’t want the government. I don’t want establishment,’ so this is very much a ‘Buyer beware’ [situation],” Ruhle said, per Mediaite.
On Thursday, Cryptocurrencies crashed following the tumble of TerraUSD, a so-called stablecoin, with bitcoin plunging to a 16-month low of around $25,400.
Crypto assets have also been swept up in the broad selling of uncertain investments on concerns regarding high inflation and increasing interest rates.
Ruhle stated the fall of the crypto market is distinct from the 2008 recession when large investment companies proceeded to go under and needed to be saved by the government.
“You won’t have institutions at risk here, but millions and millions of individuals, many of whom have never invested in the markets, many of whom have borrowed to bet big in crypto, losing enormous amounts of money, so what’s going to happen?” Ruhle said.
“Are people going to turn around and say, ‘The government needs to help me. I need to be bailed out for this’?”
Abby Phillip Calls Out Tucker Carlson for Pushing “White Replacement” Theory
Phillip is calling out Carlson for pushing the “White replacement” conspiracy theory, which alleged Buffalo mass shooter Payton Gendron glorified in a manifesto.
In the wake of Saturday’s mass shooting in Buffalo, CNN’s Abby Phillip is calling out Fox News host Tucker Carlson for pushing the “White replacement” conspiracy theory, which alleged shooter Payton Gendron glorified in a manifesto.
Phillip moderated a panel on “Inside Politics Sunday” where she conjured Rep. Adam Kinzinger’s (R-IL) callout of Rep. Elise Stefanik (R-NY) for promoting the far-right conspiracy theory. The theory pushes the notion that there is a scheme to replace White people with immigrants.
“Over the weekend, Adam Kinzinger highlighted the no. 3 Republican in the house, Elise Stefanik’s use of the White replacement theory,” Phillip said.
“In an ad, he wrote, ‘Did you know Stefanik pushes white replacement theory? The no. 3 in the House GOP, Liz Cheney, got removed for demanding the truth. The Republican leader should be asked about this.”
Furthermore, she stated that the politician isn’t the only one pushing this plot, leading to her criticism of Carlson.
“It’s not just Elise Stefanik. If you watch Fox News, this is the mainstay of their primetime hours. Tucker Carlson discusses it in sometimes euphemistic form, but not really all that euphemistic,” Phillip added.
“This policy is called the great replacement, the replacement of legacy Americans with more obedient people from far away countries.”
Peter Doocy: Jen Psaki Was Very Effective at Her Job
Doocy spoke on “Fox & Friends” about the exit of Psaki from her White House press secretary role.
This past Friday marked the final briefing for White House press secretary Jen Psaki, who will reportedly be heading to join MSNBC now that she’s left her position within the Biden Administration.
During her stint in the White House, Psaki clashed with Fox News White House correspondent Peter Doocy on various occasions. During an interview on “Fox & Friends,” he spoke about her exit and stated that Psaki made him a better reporter.
“It’s not just me asking questions. She would ask me questions right back. When I would go in there with something that was not part of the White House talking point for the day, she would ask me every single time ‘Who was saying that about us?’ or ‘Where are you getting that from?’” Doocy said.
“And so I always had to have it ready right away, and I think that all that extra homework that I knew I had to do because, when I challenged her she would challenge me right back, probably has made me a better reporter. And so, I am grateful to her for that.”
Furthermore, Doocy went on to say that despite the memorable dialogues during her stint, the reporter credited Psaki for consistently calling on Fox News correspondents and noted that, as a White House administrator, she was effective at her job.
“A lot of the time, when people will ask ‘Why don’t we hear from Joe Biden more?’ they’ll say, ‘Well, Jen Psaki’s at the podium,’” Doocy added.
“So there have been times that they have sent her out to give him cover, and she has done that very effectively, if you are a White House official looking at this and so that ends today, we hope.”