Facebook (Meta Platforms) and Netflix are two leading companies in different industries. Facebook is the leader in social media, while Netflix is the leader in the video streaming entertainment industry. But they share a common problem lately: They are running out of profitable opportunities as competition is closing in.
A couple of weeks ago, Netflix reported that its subscription growth is tapering off, the lowest since 2015. This week, Facebook announced its first-ever loss of users. Meanwhile, both companies offered disappointing guidance.
The tapering of the growth of the two companies…
