Maybe the same idea now with bay area house prices in units of FAANG shares. Everything is constant for those holding (cows, FAANG) and not great for those with (ZD, USD).
It's interesting how this holds up so well across time.
The Byzantine historian Michael Attaleiates [1] was writing in the 11th century how the increase in the price of grains (which, in that particular case, was caused by the nationalisation and centralisation of grain delivery by the Byzantine State) was also causing an increase in the base salary demanded by the Byzantine demos and, most importantly, by its soldiers. Presumably grains were a fundamental "economic unit" (for lack of a better term) for Byzantium, as cows are for Zimbabwe and as real estate is for SV.
That being said I haven't actually verified any numbers so maybe the market is right.
Yet nobody I know has actually quit. I suspect they might be addicts claiming they can quit anytime...
I really liked their content when they first launched here in AU.
I have two family members on limited incomes who wouldn't otherwise be able to afford it - so I got the top-end plan, specifically because it said something about multiple devices in your family.
Then the prices were raised, it became harder to find anything that I wanted to watch (new content I wasn't interested in, and lots of missing older content). I basically stopped using it.
Then prices were put up again (twice, I think), at the same time that they started bitching about password sharing/whatever. Then one family member died, and the other stopped using it, so... yeah, I'll keep the $23/month.
What I really need is a better way to manage it all: Content aggregator which you can add everything to a single watchlist. And when you want to watch something on a service you don't have subscribe and then cancel it immediately so you just have it for the month. I am sure all the services would squash something like that though.