Look at the various professional articles now available, pointing to the high risk of over subsidization, insufficient sales, competition etc . Listen carefully, as we are on fumes here. Absolutely the est short in the market.
PE has little relevance in stocks like this. None really, as we will all see when the market corrects and draws in the true corporate profit values.
It is, all about SHORT selling. If you eliminated that, you would see all of these overpriced trading vehicles revert to their true value, in NFLX's case, to about $300, maybe. Think about it.