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Neflix and Drill - How Dumb are you? (Not Dumb enough probably)
OK so Netflix is worth $520,990,000,000 Dollars
Netflix’s 2024 revenue was $39,001,000,000. Dollars
Basic math says that even if every cent went to shareholders for 13 years its still wouldn’t be worth that much – and that’s imagining no licencing costs, running costs or production costs, staff, lawyers.
Let’s face it, Netflix is nothing special, IP wise, the shows and movies mostly belong to other people and there are many services like it now. I know I used that argument about Facebook a decade ago and its now worth god knows how much, I assumed Facebook would go the way of beebo and my space.
It means however that like everything else I don’t invest in because its dumb I’m loosing out. Bitcoin is worthless – but people keep buying it. I swear I’m just not dumb enough to live in the universe of dumb people who’ll overpay for stuff.
Now Netflix appears to be MASSSIVELY profitable seemingly about 50% but still that a lot of years for folks to get their money back. Obviously some people didn’t’ pay that much for their shares, and in future more dumb, or in reality smart people who can't count, may pay more for it but some point someone is going to have to pay what owed – by paying more for a shitter service. Err… with added AI slop. And more adds. Or the investors are going to loose their shirts. Yes I know I said a decade ago that 'Facebook wasn’t worth shit' but by constantly degrading their product and introducing more and more adds and shit they‘re still going strong and now adding AI slop. So that’s probably what Netflix will do.
If Netflix is really making $20 B in Profit then, well, you’re already over paying. No I haven’t checked these numbers, no I haven’t run this calc on the other streaming services I heard they (and Netflix) were in trouble.
(This may or may not be followed up with my musings on how much of the internet that we pay for is utterly pointless traffic – adds, VPNs etc. Streaming the same stuff over and over)
Just remember – whoever is running Netflix is going to be raking a big slice off that $20 B pie and has been for a while now. Big enough that they’re not the least bit bothered what happens in a couple of years time to the investors or the subscribers.
Airlie Beach Race Week update
This year various DSC Sailors are competing on various Southern boats and the DSC boat Shaw Thing is here, and at of writing of Monday all are still on functioning boats – not a given with gusts past 30 Knots. One third of the Sports Boats div 2 were out yesterday, but the missing rudder of “fuzzy Logic” was washed ashore and has been returned hopefully they’ll be back. Others have not been so lucky, Fez, a Stealth Catamaran, sister ship to Nautilus capsized on Friday, all on board are fine.
If this makes the Cyber Spinnaker before the end of regatta boats to watch are:
- Toby Warton is on ‘Reo Speedwagon’, in Trailables & Sports Boats Div1
- Sue Turnbull is on ‘Y Knot’ in Performance Cruising Div2
- Leading the NT Entrants is Aden Mgrath on Kiss currently 3rd in Trailables & Sports Boats Div1
- DSC’s Shaw Thing, with DSC sailors Dave Gray, Hamish Denholm and Tom Griffiths are in Trailables & Sports Boats Div2
- Annika and Tommo (Ocean Crusaders) are here with their TP52 Jbird in Rating Passage Div
- Tom Vincent and Lisa Denvir are on ‘Anarchy’ in “Performance Racing”
Hopefully that's everyone....
A View from Shaw Thing:
Day one we had a breakage, only the pole outhaul but no spinnaker for a 9 mile leg hurt us, but with gusts past 25 knots wind and waves as big as the boat many others chose to leave their kites down. Tom nearly got washed of the boat but has been “Marked safe from Airlie Beach Day 1”
We got an absolute hosing off the cones (Double Cone Island) with the boat doing 16 knots under white sail only.
Day 2 saw a solid start keeping up with the other two Shaw’s “Situation Normal” and “Black Betty” at least until the wind went ballistic again, but we made though the wind and tides. Trying to short tack up a narrow channel in 25kn gusts with a big fat cruiser who broaches all time will make a man of you. We got it done and we got the bear way done and the kite up.
NEW SPEED RECORD FOR THE BOAT is 19.5kn
(with the smallest kite)
I unfortunately ran out of talent at Bluff, or the wind went horrific or both, its not entirely clear. We spent a good 20 minutes with mast in the water and the keel out. 10 out of 10 to Matt – who hopped onto the keel saved the day and smugly climbed back over as the boat came up and Hamish and Dave managed to haul the kite out from under the keel, then we limped un main alone till the jib sheet could be fixed. Its was still gusting 30+ when we got it back up and finished. And we weren’t last, 19kn and all we got was not last. Then Dave fell off.
Day 3 Barry from “Situation Normal” durree in mouth is going ‘I don’t what to do this’ in the boat yard his cigarette end glowing brightly as the winds fanned it, we bravely took Shaw thing’s small sails out and the smallest kite and ventured forth. This was a proper race, we were competitive on the start, so competitive I went back cos I thought I was over. We saw the Reo with Toby on loose they’re jib halyard – it was still blowing 20ks+ but we made the upwind mark hoisted and set off down hill the other Shaw’s were flying more sails than us, but we had a good run burning the only remaining Thompson off. Great save by Hamish who went in on a gybe and came back up the mainsheet and over the transom like a salmon up a river. We were only 100 meters from “Black Betty” approaching the top mark, but the wind shadow of the hills and our small rig meant that blew out quick. We managed to get out in to the 25 kn stream of wind that came up the Channel and got a score of 16.5knots. That plus the reduced fleet got us 4th.
We’re on the lay day with three more days of 20Kn+ to go, boat is still sailing, we’ve all been in the drink at least twice, except Matt. I’d better stop this now and go repair the Jib!
July