Netflix's Dilemma

The stock of Rivian has had a pretty big run, like a lot of these things. You're starting to see stocks divorce themselves from reality, which is never a particularly good sign. And the story on this one is competition. Some of their competitors are pulling back here on the content and everything like that. It sends up 1.5 million US subscribers for their ad supported tier. That is a very small percentage of their US subs. But it's going in the right direction here because if those were people they're going to shut off anyway, you might as well be selling ads and have a lower price subscription in front of them, right?