Netflix has missed its forecast for US subscriber growth 3 quarters in a row and competition is heating up as more entrants come into the streaming space. Alex breaks down some of the reasons he thinks Netflix is overvalued and explains why the business is vulnerable with no supply side network effects.
Netflix Subscriber Growth Falls Short in U.S., but Leaps Abroad: www.wsj.com/articles/netflix-misses-its-subscriber-forecast-11579641293
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