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That Netflix is worth is more than Comcast or Disney is a symptom of people's madness around shares in tech startups. Netflix's entire thing is charging people
by jon-wood 3y ago
That Netflix is worth is more than Comcast or Disney is a symptom of people's madness around shares in tech startups. Netflix's entire thing is charging people a few dollars a month to stream video, its a solid service, and they deserve to do well.
In no world is that worth more than Disney, who own the rights to some of the world's best known franchises, several theme parks, retail stores, and quite a bit more I'm forgetting off the top of my head. Oh, and they have a service you can pay a few dollars a month for streaming video as well.
At some point investors will realise that while the emperor isn't entirely naked, he's just wearing an outfit he picked up from the supermarket while doing his shopping, and not a revolutionary new material.
- lotsofpulp 3y agoNetflix is a tech startup in 2023? Netflix started in 1997, IPO’d in 2002, launched streaming in 2007 (the same time NBC and News Corp launched Hulu), and has reported $100M+ net income since at least 2010, and $1B+ since 2018. > At some point investors will realise that while the emperor isn't entirely naked, he's just wearing an outfit he picked up from the supermarket while doing his shopping, and not a revolutionary new material. Netflix is not valued as revolutionary new material. It is valued as having solid cash flow, minimal liabilities (few employees and physical facilities), and low debt. Disney and Comcast have much more liability from having many more employees and in person interactions with the public.