Netflix borrowed money to buy contents, make original contents and sign deals/contracts, go overseas for subscribers, and never reveal how exactly all these activities have cost the company, or I should say its shareholders. It borrowed money from market to pay back the market at amortized rate of over years for the money it borrowed and spent at present.
From its financial reports, the money it borrowed have six fold outgrown its revenue. Tell me if this is not a Ponzi Scheme, what it will be.
SEC, Bernard Madoff is laughing from his prison cell now. Maybe he should be let out of prison if the scheme still is on going in a more complex form like Netflix.
We demand details of Netflix's book.