How many tacos could you buy with the value Netflix lost: Arturo Elias Ayub explains it

Businessman Arturo Elias Ayub, is one of the nicest and most loved businessmen in Mexico. Elias Ayub, who is Carlos Slim's son-in-law, has been married for more than 25 years to his youngest daughter, Johanna Slim Domit, tries to keep in touch with his followers on social networks.

The businessman also gained popularity with his participation in the reality show Shark Tank, where he was a panelist alongside other great personalities from the business world in Mexico, such as Patricia Armendáriz, who is currently a deputy of the Movimiento Regeneración Nacional (Morena) party; Marcus Dantus; Jorge Vergara, who is currently a deputy of the Morencia National Movement (Morena) party; Marcus Dantus; Jorge Vergara died in November 2019; Rodrigo Herrera Aspra and Carlos Bremer.

Elías Ayub is very active on social networks, where he usually makes lives or uploads content such as videos or photographs that show his day to day life. In the last video that the businessman posted, he explains, in a simple way and with examples, what happened a few days ago with the streaming platform Netflix. And it is that last Tuesday, it was reported that the shares of that platform had plummeted.

“Hey, hey. Do any of you watch Netflix? I think almost everyone, right?” , says the businessman at the beginning of the video. He goes on to mention that he will explain what happened to Netflix's action on the New York Stock Exchange. “It turns out that Netflix, yesterday made its quarterly report, and said that it had won the same wool, that it had sold more or less the same thing, but what do you think it said? That he had lost 200,000 subscribers, instead of gaining subscribers in the last quarter, that is, from January to here, he lost subscribers, 200 thousand.”

He mentions that although the platform sold and earned the same as the previous quarter, it did not like the loss of subscribers to investors, so the platform's share fell 35%. “Netflix is worth a third less than it was worth yesterday, and I'm going to tell you that it means 35% in Netflix stock, it means that yesterday Netflix was worth $50 billion more than it is worth today,” says the businessman.

He explains that USD 50 billion is a figure that no one imagines. “I'm going to give you an example of what USD 50 billion means, let's think you want to buy Real Madrid, because let's say Real Madrid is worth $5 billion, it means that you can buy 10 Real Madrides, or we're going to think you want to buy a Ferrari, because a Ferrari will be worth $500,000, means he can buy 100 thousand Ferraris, 100 thousand! , imagine nothing else,” says Slim's son-in-law in the video.

Elias Ayub also exemplifies with tacos. “Worse, let's assume that a taco is worth 20 pesos, well, you could buy 50 billion tacos with what Netflix just dropped today, that is, you could give more or less six tacos to every person who lives in the world, to all the people in the world.”

The businessman explains that Netflix lowered its value because “as I told you a while ago, it lost subscribers, and what investors see is that instead of being a company that is growing as it was growing, like crazy, because not only is it not growing, it is decreasing, why? Competition, Disney, HBO, etc., they say that because they are very strict with those who share their accounts and cut their accounts, there are like many reasons, but for me, what fell so hard is because it was worth a lot more than I think it should be worth”, concludes the businessman.

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