Video size: 1280 X 720853 X 480640 X 360
Show player controls
There is much content out there, and so much more coming from competitors, plus more and more of Netflix's content is trash (like Sandler's "Murder Mystery": unviewable plastic trash) People are feeling inundated, there will be streaming games like Google's Stadia, Microsoft's xCloud, Apple's, Disney's, Amazon's content. Netflix had a first mover's advantage, but that's quickly dissipating.
I'd be comfortable owning it at half the valuation its trading at. forward PE if at least 20-30. NOT 55. Also looking for positive cashflow, the things losing money year after year burning through investors money which it had to to keep creating new content. I mean it's going to have to create new content forever so when will they be profitable? 10 years? Lol
Mighty FANG has been institutional pump and dump. Now the shine is coming off. Caveat Emptor.
Netflix has hit its peak unless it raise the cost for its subscription but honestly people will fall off like flies if that happens.. not only that you can barley find a decent show to watch..
This guy was trashing Facebook at the end of last year and it rallied like a beast. They were talking about privacy and that there are only so many ad dollars out there. All these people just tell you the emotion behind the trade after it already happens, when it's useless advice. Pick good companies and you will be fine.
Melissa must own NFLX since you never see her get rattled
Gene sold out! got pressure from CNBC , Now joined CNBC only Negative Tesla