Yet this is current bearish movement is by far the largest we have seen, from all-time-highs at 130 down to 80 in just 2 months, the price sinking below the 50 and 200 sessions moving averages, bringing down the 50 sessions one with it.
While Netflix remains the largest streaming service for films and tv series, with over 75 million subscribers, it faces increasing competition: HBO streaming service, Youtube Red, etc.
That being said, far from losing subscribers, the company is gaining more and more each quarter, by the millions, unsurprisingly as the potential of video on demand is massive.
As usual with internet-based technological companies, they depend on being on the cutting edge at all times to continue growing and even stay afloat, 2nd is the first of the losers has never been more true for a company. As such I’m always reluctant on investing into such companies, moreso when Netflix offers zero dividend yield, but I have to admit the current prices are interesting.
Netflix started as a DVD by mail company in 1998, and
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