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Nothing, theyre just Attempting to price the shares correctly now. Its $6bn in profit still at a $96bn valuation. Down from $150bn. Quite high if only looking
by vmception 4y ago
Nothing, theyre just Attempting to price the shares correctly now.
Its $6bn in profit still at a $96bn valuation. Down from $150bn. Quite high if only looking at profit. But I definitely like the revenues under the idea they can reduce overhead
- jsemrau 4y agoI suppose the assumption of many investors is that competition is increasing and with that profitability will decline as well. Still the markets are crazy right now.
- vmception 4y agothe moment earnings dropped, yes. by now its just people getting stopped out, cutting losses, shorts and put buyers piling on. there is that idea of a death spiral where Netflix has to spend even more on content and licensing again while raising prices for users and pissing users off more, but that model was resilient for cable - although cable does not command such revenue multiples from traders. I can see the business being fine, definitely watching for lower prices. netflix has always been a fun casino, super leveraged rocket.
- jsemrau 4y agoI think Netflix has taken the right strategy by diversifying into more international content (Better Than Us, Squid Games, Alice) Expand to casual games and interactive content. As a consumer, the company will still provide real economic value