CJCHUN

$NFLX seems overextended but look for it go further down

Short
NASDAQ:NFLX   Netflix, Inc.
$NFLX Short Idea
  • subscriber growth decrease
  • decrease will continue
  • Ad-supported lower subscription will be the death-knell to NFLX's unique selling proposition
  • Crackdown on multiple use may risk further subscription loss
  • Lower entry for other media companies to do ad-supported VOD
  • Remember what NFLX did the Blockbuster?

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