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Everyone decided they wanted to have their own streaming and wanted a bigger piece of the pie. That fragmented where to watch and caused old shows and movies to cost way more for streaming rights.
Then Netflix cancels too many originals without proper endings, which passes people off. After that they got rid of password sharing which made it a pain to have a work and home type of viewing experience. Now they’re adding ads. They’ve become shit and now it’s making it a bit harder for themselves.
It was inevitable and that’s even why Netflix started making their own content. Honestly, they should have made deals with the cable companies explaining if they entered the space they would create a consumer hostile environment and destroy the market. They probably wouldn’t have listened but Netflix should have known their only product was convenience.