Netflix missssssses Unbelievable since the quarantine should have gave the best quarterly numbers in history. I have said this for over a year now and will continue to say it. Netflix reminds me of AOL. Its all about subscriptions ....If subscriptions start to drop off netflix with be a double digit stock in a couple of years. This quarantine gave them a huge boost in new accounts that would have happened over a 2 or 3 year period but instead happened in a few months. Netflix shares fall after earnings miss, weak subscriber guidance for third quarter PUBLISHED THU, JUL 16 2020 3:31 PM EDT UPDATED MOMENTS AGO
If we continue to get more lockdowns, watch those stay-at-home stocks keep on rising, which can be an alarming situation.