$Netflix(NFLX)$ Google$Alphabet(GOOG)$ $Alphabet(GOOGL)$ also just reported a drop in ad revenues from YouTube streaming.
They site losing young viewers to TikTok. The Apple$Apple(AAPL)$ security changes also must have been a big cause of the loss in streaming ad revenue for YouTube's app. Its the same story as Facebook$Meta Platforms, Inc.(FB)$ .
So not only does Netflix have to contend with competition in its own space streaming movies and TV, but also with the likes of TikTok.
Young viewers are going out more with the pandemic restrictions gone. And when they're at home, theyre spending hours on TikTok instead of watching Netflix.
Why?
One reason is new user generated content on TikTok is always being added and pushed on viewers.
Compare that with Netflix. Too much content. New content isn't being added fast enough. And what is getting added isn't that great.
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