Yep, what a great CEO. Loses $3B annually at 180 million subs. Sells $millions of stock every single month, has made close to $1B on Netflix sales. Was not aware content cost inflation was 30% until told of it on a public earnings interview. Almost never admits a mistake.https://twitter.com/TSOH_Investing/status/1266137440206626817 …
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Right? And what’s funny is in 2017 the bull case was “winner takes all,” but then media did start to fight back, and there’s this avalanche of competition coming. Not arguing Netflix is bankrupt in 6 months, arguing its overvalued. Even Malone said profits will be less now.
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I'm wise enough not to argue with John Malone. Not just an avalanche of competition, but fierce, branded competition with a huge 100 year catalog of the world's most loved content. Prima facie, Youtube and Disney are in the best position (notwithstanding their parks woes).
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