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Can this really be classified as a "crash"? They're a 20+ year old company, a hugely successful business, and likely to continue to be a major player in both en
by clpm4j 4y ago
Can this really be classified as a "crash"? They're a 20+ year old company, a hugely successful business, and likely to continue to be a major player in both entertainment & tech for the next decade+. Perpetual high growth is a fantasy.
- mgh2 4y agoIt is a crash because the stock tumbled far below pre-pandemic to 2017 levels, with still more bad news to come...
- abvdasker 4y agoWhat's the bad news to come?
- mgh2 4y agoMmm...assuming current stock price already includes forward outlook of 2M additional loss of subscribers this quarter (-200k past quarter), but momentum is usually sticky https://www.ft.com/content/c3b63a57-0d46-41c7-8f6b-c61d388db039 https://www.ft.com/content/c3b63a57-0d46-41c7-8f6b-c61d388db...
- bogomipz 4y agoSure they've been a publicly traded company for 20 years but most of the first 10 of that they were mailing DVDs to people. They've really only been in the original content game since 2012 so just about 10 years. And the latest incarnation of Netflix a full-fledged Hollywood studio operating in a very capital intensive, competitive and increasingly crowded environment is even younger still. The history of Hollywood is littered with companies that have gone out business. It wasn't long ago that MGM one the oldest(1924) and most storied names in Hollywood went bankrupt.
- fullshark 4y agoStock is down 70% year to date!