There are hundreds of millions of Netflix users, with most of them using the most popular $9.99 per month plan.
Netflix has just increased this plan by $1 per month to $10.99 per month, while the Ultra HD plan goes from $11.99 per month to $13.99 per month. While consumers probably aren't happy with the news, Netflix stock reached an all-time high of $194.39 after the price increase news was released.
Are you happy with the price increase?
My thoughts: sure, it sucks... but even at $13.99, it holds incredible value. Netflix offers a gigantic library of content, some great original TV shows and movies, 4K content, app support across countless devices and operating systems... all unlimited. Compare that to the $7 nightly rental on a VHS from Blockbuster all those years ago... yeah.