Netflix to Raise Prices as Earnings Jump Spurs Shares – Bloomberg

NFLX raises prices and its shares rise. Could one view that as continued wealth transfer from the 99% (Netflix subscribers) to the 1% (Netflix shareholders)? Why pay increased subscription fees to boost the stock price of already wealthy shareholders? I would say own some NFLX if you watch Netflix but the current stratospheric triple digit P/E multiple amounts to an expensive game of hot potato. Now you can see why I neither subscribe nor own NFLX.

Enjoy the article…

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