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.
The only real product is shares.
Everything else is just dogshit.
Netflix Surges After Smaller Than Expected Subscriber Loss, Warns Soaring Dollar Is Hammering Results https://t.co/DXWksZoTAF
— zerohedge (@zerohedge) July 19, 2022
Surges because a loss is not as big as expected.
Clown world trading.
Not sure how losing 1 million subscribers is interpreted as euphoric.