It's a significantly better product experience than others on the market, and offers fitness classes across a wide variety of genres. The bike/treadmill are definitely overpriced, but you're buying a more integrated experience, along with a community - that has value for a lot of people. Over 2 million customers, with an extremely high retention rate.

I think they got burned by a few things, primarily overly aggressive growth during the pandemic, along with the pandemic forcing more companies to start offering remote content. The overreaction to the Xmas commercial, an incident with the treadmill, and a Sex and the City episodes all drove the price down, too.

Will be interesting to see if they can recover.
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Yesterday was a fucked up day. Not shocked at all that we opened up and closed down but the selling came in heavy and I believe in large part because of Netflix.

The QQQs smashed through the 200 day SMA and this morning are completely under it.

The SPYs however are just getting to the 200 day SMA, still about 40 SP500 points or 400 Down points above it. Keep your eye on this one.
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SPYs broke the 200 slightly but are trying to bounce here.
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Disney getting crushed due to Netflix bad streaming forecast.
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I went to see Spiderman at AMC this past weekend. I've always generally liked the place, but I think COVID has made me old and cranky. I sat next to a kid who put his recliner up and down no fewer than 150 times during the movie, and someone thought it was a great idea to bring a baby who started crying right around the movie's climax. (The parents did not take the baby out - it cried for about 5 minutes before quieting back down.)

I may have to get snooty and drive the extra 10 minutes to Alamo in the future.

P.S. Their stock hit the 16s this morning. Funny how quiet it's been in here lately on that front.
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Mtg has been in hiding. Lol
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Netflix is taking a massive hit, my goodness.
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I bought 50 more shares of Disney at $138. I'm out of cash or I would have bought another 150
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RE: Netflix.

No substantive evidence here, but it looks like guys are selling some more distressed balance sheets they want to believe in but are cutting some bait in the face of a potential downturn. Then the bad earnings accelerated things, then stops got ran, and BOOM the market is saying fuck Netflix.
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The analysts loved NFLX $150 higher and now they all hate it.

Analysts are worthless
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Same in the commodities. I don't even listen.
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We’ve got more to fall.
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Rise a little in the morning, fall a lot in the afternoon.

I think you're right. More pain on the way.

Even my 401k Amazon stock getting beaten up bad. At least I'll probably get more RSU grants in April than last year.
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BLOOD IN THE STREETS!!!
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Damn this month has been brutal.

I should've invested in a barrel of lube to help ease the pain.
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