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Minister of Test
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Minister of Test
@ministeroftest
Obsessed with technology, finance and politics. Love history, cultures, languages. vs Populism. #fbpe #resist Stop the war ! 🇺🇦
Barcelona-London-Tokyo-Nyc-La Katılım Haziran 2020
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🛑 Important / Italian Prime Minister Giorgia Meloni announces her upcoming visit to Iran
🔴 Giorgia Meloni stated that the Italian people have run out of patience. Oil is dwindling across the country, and factories are closing because of a deranged president who has decided to involve the entire world in his war against Iran.
🔴 I will travel to Iran this month to open the Strait of Hormuz to Italian ships, and we will fully support them because they are in the right, and no one is hiding that.
🔴 The strait is on their border; they are using it to pressure the world. This is their right, and the world now knows the truth.
🔴 Trump wants Iranian oil, and we want Iranian oil, but Italy wants it legitimately and with money, while America only wants to plunder and steal it.

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The United States is officially in a chaos stage, rapidly disintegrating. Soon riots will ensue. People can’t afford food, gas or healthcare. There is no Congress, no Supreme Court and no government. We have a two bit senile fascist wannabe, and his little sidekick, the military drunk boy. The two are stirring shit around the world and playing with our military as their toy soldiers. Do something.
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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.
Pubity@pubity
Italy has declared that Netflix's recent price hikes from 2017 to 2024 were illegal and enacted without proper warning for customers. Netflix not only has to reduce its price in Italy, but pay customers back every cent they overpaid.
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