Monday, April 23, 2012

(OT) Netflix Dives on Earnings

The former "hedge fund hotel" Netflix (NFLX) is taking a dive after reporting the 1st quarter earnings. It is down 14% right now, after hours, going from $101 in the regular session to $87. The recent low was in low 60s in November and December last year.

The current "hedge fund hotel" Apple (AAPL) will report its earnings tomorrow after hours.


Anonymous said...

I have always believed he who owns the content is the one that will succeed and thrive. Does Netflix own or produce any of it's own content?

arevamirpal::laprimavera said...

Well, the content needs to find ways to reach the audience, and NFLX provides the ways. I think that has value. But NFLX's wound is more than half self-inflicted by the CEO when he came up with the ill-fated name change for the DVD in the mail subscription.

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