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GLoP Culture

A Bunch of Gloppin' Comedians

GLoP Culture

Ricochet

Society & Culture

4.81.7K Ratings

🗓️ 21 May 2022

⏱️ 72 minutes

🧾️ Download transcript

Summary

At the close of trading on November 17, 2021 a share of Netflix stock would cost you $691.69. At the end of trading on May 20, 2022 it was $186.35, a drop of over 70%. What in the wide, wide world of sports is going on around here? The Mighty Men of GLoP are on the case as “woke” ideology meets “stupid money” meets an industry that has started to reach its maturity. Then the new Judd Apatow... Source

Transcript

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0:00.0

All right, I don't want to really at $1,100 a share it so like it's like one thing at $700 a share it's

0:08.2

I'm I'm just gonna yeah, let's riff. Let's riff

0:14.3

Hey, it's May it's glob culture. I'm John Pudhoritz with me as always in Washington, Jonah Goldberg, I Jonah

0:21.6

Who and somewhere on an island in the Sun? Rob Long. Hi Rob. Hi there. How's it going?

0:30.2

That's pretty not as not as not as good as you well, not as relaxed and it's hot as you nice

0:36.8

That's good. It's supposed to be supposed to end up in the 90s

0:40.3

This weekend in on the east coast. So I guess we're all we're all gonna be hot

0:47.2

Hey guys, so I have this question. I want to ask you

0:54.1

So suddenly we even talked a little bit this suddenly the bloom is off the rose on streaming streaming

0:59.6

The bloom is off the rose right? Okay, so I looked up something today

1:06.0

About Netflix, which is now, you know in trouble. It's gonna be this without blah

1:11.5

So Netflix, which does have a ridiculous valuation nonetheless

1:17.2

grossed

1:19.3

$30 billion in revenue

1:23.8

in 2021

1:26.4

That's more than all three of our enterprises come back

1:29.6

quite true

1:32.4

In what way shape or form are we to look at a company with revenues of $30 billion and say

1:40.4

Well, this is that's that's it buddy. That's the end of everything and you know

1:47.0

Let's all flee to safety from the company that actually earns

1:51.6

$30 billion does it doesn't doesn't net 30 billion but it earns three billion dollars

1:56.7

While Disney itself now has over a hundred million subscribers and I don't know what HBO max has but a lot and so

...

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