one thing is for certain, no one can predict which way this stock will move. it's just as likely to go up or down, there's no logic to how it trades. fundamentals are meaningless. A $41 move today, that's better than 40% in one day... seems unbelievable
It sold off ridiculously from 300 for being virtually the only serious player. Content costs are a barrier to entry. If Netflix wanted to, they could raise their subscription costs by 50%, they would still have over 25M subscribers.