For Netflix, I think the expectation used to be that they would establish themselves as a long-lasting company that would generate $20bn in profit per year. It'

For Netflix, I think the expectation used to be that they would establish themselves as a long-lasting company that would generate $20bn in profit per year. It's now looking dubious that they will exist in a meaningful way in a decade--that their value is now to milk the subscribers they have for all they're worth until they have no more.