The numbers prompted a major selloff with the shares tumbling more than 20% the next day, Friday, and approaching a two-year low near $351 on Monday. They were volatile for the rest last week, including a 5% jump on the Ackman news.
Investor have punished the stock before after quarterly misses but not like this. There are still lots of bulls on Netflix, but bears fear structural changes in the streaming sector led by increased competition and the ongoing need for heavy content investment are eroding its dominance. Some picked up on a sentence in the list of risk factors included in the company’s annual report filed with the SEC this week that read, “Our business could be adversely impacted by costs and challenges associated with strategic acquisitions and investments.”
Look, I’m not a finance girl, but to me, this should be considered inside trading… he obviously knows much more than other investors about what is coming netflix.
Cry Harder, white Billionaires!
MichelArouca a_alinediniz CEO da Netflix tá rindo à toa ou rindo de nervoso?
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