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.
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?
ReplyDeleteWell, 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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