😱 Netflix might be canceled

No one likes Netflix | China might be running out of steam | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for April 20th in 3:09 minutes. 🌍 Where on Earth is the global economy going? Just ask abrdn’s Robert Gilhooly for [Global Economic Growth Forecasts]( on Thursday: you’ll find out how to steer your portfolio through inflation, interest rates, and the whole shebang. [Grab your free ticket]( Today's big stories - Netflix reported worse-than-expected quarterly results - Goldman Sachs thinks the traditional portfolio will struggle this decade, but a few tweaks could help you profit anyway – [Read Now]( - China’s economy grew by more than expected last quarter, but it’s slowing fast Cancel Culture [Cancel Culture] What’s Going On Here? Netflix [reported]( worse-than-expected results late on Tuesday, as the streaming giant discovers how getting canceled really feels. What Does This Mean? Investors were expecting Netflix to report another quarter of slowing subscriber growth, but the results turned out even worse than they’d thought. Netflix lost 200,000 subscribers last quarter, with three of the four regions it covers reporting falls – marking the first time in over ten years that it has actually lost customers. The streaming giant said its higher subscription prices might've put some viewers off, and thinks its withdrawal from Russia cost it 700,000 customers too. But it looks like it could get worse still, with the company expecting to lose another 2 million subscribers this quarter as well. And since investors use subscriber growth as a measure of future profitability, they didn’t take that as a good sign: they initially sent its stock plunging 25%. Why Should I Care? The bigger picture: Streamers are the first to go. It’s no wonder Netflix is struggling to add new viewers, let alone keep its old ones: data out over the weekend [showed]( that UK households canceled streaming subscriptions in record numbers last quarter, with 25% more cancellations than the same time last year. That comes as consumers around the world cut back on life’s little luxuries to cope with rising prices – a decision that’s been made all the more imperative by [streamers’ rising prices](. Throw in more choice of streaming services than ever, and Netflix is facing an uphill battle. Zooming out: Advertise here. One way analysts [reckon]( Netflix can make up for that non-existent subscriber growth is by selling advertising on its platform – like HBO Max already does and Disney+ is [planning]( to do. In fact, they think Netflix could make as much as $3 billion in extra revenue if it follows suit. And since the strategy wouldn’t cost much to roll out, a substantial portion of that would go straight to the streaming giant’s bottom line. You might also like: [How to analyze Netflix’s stock in under two hours.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Cancel Culture&utm_campaign=daily-global-20-04-2022&utm_source=email) Analyst Take Is The Traditional Portfolio Headed For A “Lost Decade”? [Is The Traditional Portfolio Headed For A “Lost Decade”?]( [Photo of Reda] Reda, Analyst What’s Going On Here? The outlook for bonds and stocks is looking [bleaker and bleaker](. Ongoing supply chain issues and soaring commodity prices have got investors worried we’re on the verge of [a new era of stagflation]( – that is, low economic growth and high inflation. That’s a combination that simultaneously undermines the prices of stocks and bonds, draining the [60/40 portfolio]( – 60% stocks, 40% bonds – of its diversification mojo. So much so that Goldman Sachs has sounded the alarm over the potential for a [“lost decade”]( of poor returns. But even if Goldman’s right, there are [a few tweaks]( you can make to ol’ faithful to make sure you profit. So that’s today’s Insight: why the 60/40 is faltering, and [how to profit no matter what](. [Read or listen to the Insight here]( SPONSORED BY ATTEST Americans sound off about crypto Crypto sparks plenty of heated debates, that’s for sure. Thing is, the loudest voices are often hardcore fans and crypto skeptics. So it can be hard to get a true sense of [how most folk really feel]( about the digital coins. That is, until business research specialist [Attest]( surveyed Americans to find out exactly what they think of crypto these days. [Attest’s survey results]( show that fewer Americans said they’d invest in crypto in March than in January, for a couple reasons: 55% cited low trust levels, while 45% said they didn’t understand it. That’s just the beginning: [find out how America feels about crypto](. [View Attest’s Findings]( Performance Anxiety [Performance Anxiety] What’s Going On Here? Data out this week [showed]( that China’s economy grew by more than expected last quarter, but its explosive start to the year has already started to peter out. What Does This Mean? China was firing on all cylinders at the start of the year: investment in manufacturing and infrastructure was up by 16% and 9% last quarter compared to the same time in 2021, while industrial production – a key driver of China’s post-pandemic recovery – rose by a better-than-expected 5%. That helped the economy grow by a better-than-expected 4.8%. But here’s the thing: those numbers were mainly down to the first two months of the year, and there are signs that the country’s late-March lockdowns are now starting to hit consumers. The unemployment rate hit its highest level in March since May 2020, while retail sales fell 3.5% from the year before – more than twice the drop economists were expecting. And they think it’s only going to get harder from here… Why Should I Care? The bigger picture: China throws mud against a wall. The way things are going, it’s a tough ask for China to meet its aim to grow its economy by 5.5% this year. That might be why the country’s central bank [announced]( a laundry list of economic support measures this week to set it back on track – everything from delaying loan repayments, to supporting local infrastructure investments, to making it easier for domestic businesses to borrow overseas. Zooming out: Ah geez. China’s slowdown is reflective of a much bigger problem: The World Bank [cut]( its forecast this week for global economic growth this year from 4.1% to 3.2%, due to the impact of Russia’s invasion of Ukraine ([tweet this](). It didn’t rule out further cuts either, and said it’s planning to roll out $170 billion worth of support – to help food shortage-hit countries, support those that have taken in refugees, and more – over the next 15 months. You might also like: [Could China’s slowdown be a good opportunity to buy the country’s battered stocks?]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Performance Anxiety&utm_campaign=daily-global-20-04-2022&utm_source=email) 💬 Quote of the day “Victory goes to the player who makes the next-to-last mistake.” – Savielly Grigorievitch Tartakower (a Polish and French chess player) [Tweet this]( SPONSORED BY FUSANG Where the unicorns live [Fusang]( is on a mission to make subscribing to IPOs as easy as subscribing to Netflix. Looks like that’s going well: [Fusang]( – Asia’s first fully-licensed financial company – makes it easy to invest in companies on track to become the world’s future unicorns. [Fusang]( does that with [tokenized IPOs](, meaning your shares will be held in a [digital form on a blockchain]( and not a traditional share register. That matters: you can know for sure that your investments are [secure and regulated](, and you’ll be able to trade them 24/7. And the best bit: there are no middlemen to take a chunk out of your profit. [Discover the world’s next unicorns with Fusang](. [Discover Tokenized IPOs]( 🌎 Finimize Live 🎉 Coming Up This Week 📉 [How To Invest In Uncertain Times](: 1pm, April 20th 💰 [Understanding Use Cases To Generate Crypto Wealth](: 6pm, April 20th 👷‍♀️ [How To Protect Your Portfolio](: 1pm, April 21st 📈 [How To Identify High-Growth Metaverse Stocks](: 6pm, April 21st 🌍 [2022 Macro And Fixed Income Opportunities](: 1pm, April 22nd 🎙[Live Crypto Community Q&A](: 5pm, April 22nd 💪 And then after that… 💸 [How To Create A Winning Crypto Strategy](: 5pm, April 25th 💪 [How To Invest In Profitable NFT Drops](: 6pm, April 27th 🪐 [Impact Investor’s Guide to Web3](: 6pm, April 28th 🎙 [Live Crypto Community Q&A](: 5pm, April 29th 💥 [What Is ReFi Anyway?](: 5pm, May 5th 🚀 [How Space Is Changing The World](: 5pm, May 9th 👉 [What’s Next For Crypto Regulation?](: 6pm, May 11th 🏡 [How To Buy A Digital Condo](: 12pm, May 18th 🚘 [The Leaders Of The EV Revolution](: 5pm, May 19th 🎯 On Our Radar - The internet has transformed. And so has [our art](. - Homework slaves are knuckling down. Where were they when [we had exams to sit](? - Fentanyl is legal. Or at least, it is in [Canada](. - Masking hours are the new Happy Hour. The people are [calling for it](. - Taking on the fashion machine. Can a new bill [rewrite]( an industry? ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, you’ll earn some sweet swag. Share your unique link: [ You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? 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