Netflix revenue has started to decline and as they start increasing their pricing and removing shows to save a buck, more and more users will leave, it's already happening, just not reflected on the charts yet due to the aforementioned stopping shared accounts.
Priced appropriately is a key word, you're happy to pay $20/mo for 3 services but will you feel the same when it's $200/mo for 10 services?
Netflix was priced appropriately until it started getting some competition, we all see what happened there.
The irony of the entire situation is that real competition could have been medium, if they didn't fuck it up.