Netflix has always had bad fundamentals.
In fact, the only things it really ever had going for it were a first-mover advantage and the typical fanfare/hype that follows.
On Tuesday, the stock price dropped by as much as 26% on the news that Netflix’s subscriber count dropped for the first time in the company’s history.
This is particularly disastrous for a company like Netflix because its mantra has always been:
more subscribers = higher margins = more profits[...] Continue reading @ drcryptofinance.substack.com
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