Netflix Business Is In a Bad Spot 📺📉
Netflix has been telling employees to cut back on spending amid the company’s declining stock price and weak subscriber numbers. As the streaming wars have heated up and a plethora of competitors have jostled for positioning in a crowded landscape, one thing has become clear: Netflix’s linear streaming model can not demand the platform multiples it has historically seen. While still very valuable, I think Netflix will continue to struggle to meet expectations of it being a “high flying tech stock”.
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