Wine clubs are about average in retaining customers, but Netflix still sets the bar.
The greatly overstated "Netflix subscriber meltdown" came after the company UNsubscribed 800,000+ Russian subscribers. And yet, that act resulted in a tiny 0.1 percent decline.
The stock melted down even though NFLX would have had a subscriber increase if not for Putin's Ukrainian invasion.
Netflix Management statement to shareholders who panicked anyway. (PDF)
Disclosure: Wine Industry Insight Publisher Lewis Perdue does NOT own any NFLX stock or other securities, or holdings in any other streaming company.