Loading ...The market is not in the mood to be forgiving…but by morning will stocks futures be screaming to the upside?? A test of whether a correction is starting will take place this evening/tomorrow morning…
Netflix (NFLX) reported first-quarter subscriber growth that came in sharply below expectations, with user growth slowing even more than anticipated following a record year during the pandemic. Shares sank about 10% in late trading following the result
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Especially when you couple that with outsourcing a datacenter to AWS or MS Azure.
Netflix’s only feather in its cap was its first mover advantage.
But now that everybody and their grandma has a streaming service, the media landscape is even more fragmented than the time when it was broadcast vs. cable.
I predict Netflix will go the way of AOL – an early behemoth in its space that eventually goes extinct.