NFLX’s reporting of their Amortization of content assets reflects a true & fair view of their consumption patterns; and their outsized Commitments & Contingencies are all above board. No hanky panky going on here.
We’ve actually seen this story before - Investors seem to have forgotten that NFLX actually experienced similar concerns during 2015, 2018 and 2019 - when their share price experienced drawdowns of -30%, -40% and -30% respectively.
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