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I don't really understand the tone of this article. Estimates are that they lost 1% of subscribers in Q2 while stock price is down 70% this year. Are they going
by lazyjones 4y ago
I don't really understand the tone of this article. Estimates are that they lost 1% of subscribers in Q2 while stock price is down 70% this year. Are they going broke? Apparently not. Is the stock price already very low? Yes, it appears to have priced in an even greater loss of subscribers than expected. What is going on here?
- itisit 4y agoAre we asking if the market is behaving rationally? Losing subscribers, laying off employees, and monetizing via ads aren't all that confidence inducing. Netflix has been overvalued for at least three years by many tens of billions. Sudden losses can be jarring, but they're not surprising, if that makes sense.
- lazyjones 4y agoMy point is that the tone of the article is "the company is doomed" when all that is doomed is perhaps the previous high stock valuation.