Huge debt. Not like AMZN carrying a lot of cash.
It is going to get very bloody.
Good luck to the rest who are continuing to trade this stock.
And Hasting, NFLX CEO does not own any NFLX share.
NFLX will eventually come up with something much better to compete with AMZN. AMZN has so much cash to buy all the newest contents and we own both NFLX and AMZN and we are finding using AMZN mostly nowadays.
P/E is way too high and too much debt. My fiances is cancelling NFLX and staying with AMZN. Money does not grow on tree. Took my little profit and run.
I predict the stock will open pre market trading up to $420 for sure. Buckle up for a strong ride for mega short squeezing.
Sentiment: Strong Buy