The math Italy just handed Netflix is terrifying for every subscription company on Earth.
5.4 million Italian subscribers. Up to €500 per Premium user, €250 per Standard user. Netflix launched in Italy at €11.99/month in 2015 and hiked four times to €19.99 by 2024. The court said every single increase was illegal because the contract never stated a justified reason for any of them.
The total refund exposure is somewhere in the hundreds of millions of euros. For a single country with ~2% of Netflix's 325 million global subscribers.
Here's what nobody is pricing in: Germany and Spain have already filed identical challenges using the same EU Directive from 1993. Berlin and Cologne courts already ruled that generic price-change clauses are void. Italy just gave every consumer group in Europe a finished legal template.
Netflix hiked prices globally on March 26. Six days later, this ruling dropped. The company is now simultaneously raising prices worldwide while a court in its fourth-largest European market ordered it to roll prices back to 2015 levels.
The real exposure here isn't Italy. Netflix can absorb hundreds of millions. The real exposure is the legal principle: telling customers "we're raising your price, you can cancel if you don't like it" is not consent under EU law. That logic applies to every subscription service operating in Europe. Every SaaS company. Every streaming platform. Every telecom.
The freedom to cancel is not the freedom to agree. That one sentence just repriced the entire European subscription economy.
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This section of the gaming market (that is 90% new n undiscovered) is going to go nuclear.
Here is what it is and where I'm all in..
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Quick https://t.co/RO8tfnnkd9 @PostTechSoFi Review
➡️ Looks exactly like Twitter/X, familiar interface, easy to use
➡️ You need a referral code to sign up, here's a few
pt-c21snyf1uf
pt-tyta0xf1fd
pt-b60mnfpryt
➡️ Free to use, unlike FT (https://t.co/kluNFyGRYI)
➡️ Copy pasta FT for the buy your influencer idea
➡️ Still early, No search function yet, a little buggy but functional
➡️ PT claims wallets are generated by third party and they don't have the private keys
➡️ You can setup your account for earning for as little as 0.001 ETH which is about $1.60 today
➡️ Kinda like X, if you go premium you get extra perks
> Access to Premium Post & group private chat
> Receive 5% fees when others buy/sell your shares
> Potentially sell your shares with higher price
➡️ Unlike FT the shares start out super cheap
➡️ Headwinds: I'm not sure how the SEC will see a site like this, they seem to go after anyone making money. Though Patreon and lots of other sites allow you to pay to be in a group. The other possibility is a lawsuit from X for taking the UI design.
➡️ Thoughts: It's definitely an upgrade over FT! I think FT will die off because of PT.
It's awesome that PT was built on Arbitrum, but it's still a centralized website where they have the power to lock you out. So I'm not sure what the censorship will be like.
#posttech $POST