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by subsubzero
1521 days ago
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A few things: - Growth stocks will drop and keep dropping as interest rates increase, NFLX does not make money and is classic growth, the companies valuation is $30-50B at best and I expect it to fall to that level. - Like others have said NFLX's content currently is terrible, alot of their hit shows have either ended or are on hiatus due to the pandemic. - Their monthly prices are high and given the above point households are throwing out the trash so to speak and nothing NFLX has supports a $20 monthly subscription. - Supporting kid porn like "cuties" made alot of people mad, unsure why they chose this position but its just shooting themselves in the foot. |
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