$NFLX seems overextended but look for it go further down

2022年4月25日

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?