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Hollywoods old guard has been complaining for years about what they see as a double standard for Netflix.
The investors who made it a $300 billion company, at times more valuable than Disney?
They were acting out of irrational exuberance.
That prompted a sharp rally in Netflix stock yesterday, pushing shares up nearly 8% as of Thursday.
Look how fast were still growing even with all of these new rivals.
And have you seen how many billion minutes of viewingSquid Gamegenerated last week?
This is not much Tudum about nothing.
So exactly how bad is it?
But the fact is, I really dont feel confident here forecasting what happens next.
The successes ofSquid Game, Money Heist, andLupinunderscored how money invested outside America can result in global hits.
If that brings in more members and helps overall growth, its a smart ploy.
It can continue to diversify.
Netflix last year got into the video-game business, rolling out a handful of mobile games last November.
Forays into VR also seem inevitable.
(VirtualBridgerton, anyone?)
Theres a long history of the market acting whacky when it comes to this company.
At least for now.
