[itisit]

Are 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]

My 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.