this post was submitted on 21 Sep 2024
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I personally would read this as a sign that more people are turning to ad blocking or straight up leaving. Not enough money coming in so they have to jack prices up way faster than they'd likely do otherwise.
But then that would mean that they'll loose even more customers
Yeah but if they double the price and only lose 1/3 of their customers that is a profit. They are aiming for that equilibrium price and honestly more people are willing to pay to never have their entertainment end than we could ever hope for.
I never accused them of being competent. They're getting into a death spiral, but there still isn't a very good and well known alternative to leech the disgruntled customer base.