FAST FIVE: Netflix Slides After Needham Downgrades, Warns Of Subscriber Exodus In 2020  

Published by on

downgrades the streaming company from hold to underperform, reported The Street.

In about a month, Disney+ has attracted nearly 20 million subscribers.

Concerns about decreasing subscriber growth could spook investors, considering the company has added more than $14 billion in debt to fund its operations.

“WeWork had the same argument: 'We're building something to last.' But getting to profitability risks cutting their share price.” Netflix is risking a subscriber exodus in 2020 if it doesn't cut the price.

Shares of the company could re-test the 240 level as pessimism increases.

Source
Categories: ZH

Related Posts

ZH

FAST FIVE: After Rockets Hit Baghdad Airport Base, US Says Iran Targeting Americans

This follows at least nine “increasingly sophisticated” rocket attacks on joint US-Iraq military facilities over just the past five weeks.  The Pentagon believes Iran is behind these and other attacks, CNN reports, according to several Read more…

ZH

FAST FIVE: Baby GATT Back: The End Of The World Trade Organization?

However, the data shows that the US is not in a disadvantageous position vis-à-vis other countries in the rulings of the WTO Hence, a more strategic reason to strip the Appellate Body of its powers Read more…

ZH

FAST FIVE: Despite Blowing Millions, Latest Poll Finds Billionaire Bloomberg "Wildly Unpopular"

Despite Blowing Millions, Latest Poll Finds Billionaire Bloomberg “Wildly Unpopular” It turns out that Americans don't want to “be like Mike” after all. That margin was significantly worse than for five other Democratic candidates, as Read more…