Netflix is the Poster Child of Clown World Economy

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by Chris Black

“We are going out of business more slowly than expected” and the stock jumps 5.7%.

Amazing how a company that has never actually been cash flow positive can be worth a few hundred billion. 

Of course that has always been the case with publicly traded companies. 

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The only real product is shares.

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 Everything else is just dogshit.

Surges because a loss is not as big as expected.

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 Clown world trading.

Not sure how losing 1 million subscribers is interpreted as euphoric.

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