This sucker is down 42% from highs and I don't quite see how business has deteriorated this much. So it seems like something has to give.
were they dismissed?
if they have 100 million subscribers watching for free and watching ads that's a significant currently untapped revenue stream. ad revenue could be huge given how sticky the network could get.
think something along the lines of tencent but for entertainment.
just because the stock drops doesn't mean things have changed. it's a growth company that had momentum traders in it. they got washed out.
looks like sell the news. i added. over 30 million subs in their streaming service, up 20% vs 7/30.