Stock was $300 , down to $55 back to $300 plus.
There is a lot of other companies that offer streaming. Even if 50 million people pay $10 a month, do math equals 6 billion a year. They made 47 million on 4 billion in revenue, they are expected to do 5 billion next year. Even at 200 million profit, the stock is selling for 18 billion. It will take 90 years to make enough money to the value of the company. what's not to stop cable companies just offering packages for the streaming for free because the way TV is going. There is not a lot of money to be made here at $312 a share, Carl Ichan said should have sold $100 point ago and stock was at $250 , when he wanted to sell at $150 his son stopped him. Now I wonder when Dad says sell at $300, when they bought lots of the stock at around $65. There not stupid, no one throws away a 4-5 bagger in one year. They will take profits soon and run, they only have 5 .5 million shares, 10% of the float. This is why this stock moves, not a lot of shares. Really the stock trades the full float in 2 weeks, look at the volume the past 3 days and it's not there . Jim Cramer said its being supported by the hedge funds. Also I suspect a lot of day traders are trading stock, lots of small blocks of 100 shares. Because NFLX, TSLA are getting all the news they are chasing. Stock is only worth in my thought is $104 + 50% rule for market - So $155 is what would be fair based on next 2-3 years.