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This is bollocks. Netflix gained popularity because they sold their service artificially cheap at a loss for many years to build market share and Kill off thei
by Mindwipe 2y ago
This is bollocks.
Netflix gained popularity because they sold their service artificially cheap at a loss for many years to build market share and Kill off their competition, and that's it.
- rstuart4133 2y agoCan you point to the year Netflix made a loss for me? I don't see one in the last 12 years. https://www.macrotrends.net/stocks/charts/NFLX/netflix/gross-profit https://www.macrotrends.net/stocks/charts/NFLX/netflix/gross...
- Mindwipe 2y agoThat's because they don't declare taking out long term bonds as part of their p/e calculations, just the cost of servicing the loan. Netflix were borrowing circa $4 billion dollars a year to license content until two years ago. There's nothing wrong with that, but you aren't making a genuine profit.