Look, I'll explain it to you.
Institutionals buy it as part of their technology funds. They don't look at fundamentals, or they don't update them more than once a year. They lump this in with Apple, and, let's say Comcast, they get their fees, and no one's the wiser.
In general, this thing is just an amazing short opportunity. Bubble stocks have been a regular occurrence in the stock market for ages, but the past few years I think volatility on these stocks has increased dramatically. (Money isn't what it used to be!)
Why does the future look better for NFLX? I see increased competition, ever rising content costs, and a more and more diluted user base looking for something for nothing. And what's with the insults? If you have a point to make I'd love to hear it.
You buy calls and make an announcement nobody cares. Icahn buys them and everyone scrambles to buy. He knows this. Why wouldn't he do it? The SEC won't touch him and he knows that too. It's fun to trade the stock market when you can drive the outcome of a trade with an sec filing.
Not even pennies: this mf criminal thug reed hastings turned balance sheet into insolvency in 2011 and fraud $400m funding keeping their free loot ponzi floating in usa fraud street casino with full protection provided by criminal parasites at s.ec.