It’s official... it’s the beginning of the end for Netflix (NFLX). As you may have heard, the online video company made a troubling announcement...
will be pulled off Netflix for good in 2020.will hurt. But it’s only the tip of the iceberg. According to analytics firm Jumpshot, more than half of Netflix’s 50 most popular shows are owned by companies planning to launch their own streaming services.This Couldn’t Come at a Worse Time
Netflix is valued at $139 billion today, roughly the same as sportswear giant Nike . Yet last year, Nike’s profits were more than triple Netflix’s. “Netflix will continue adding millions of subscribers every quarter for years. Revenue will skyrocket and its stock will “grow into its valuation.”
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