Wall Street Nixes Netflix's Pics.

6 minutes

On Monday, you may recall, we discussed how unforgiving Wall Street would be for any company that did not live up to it's earnings expectations.

 

And yesterday we had the first, of what I'm afraid may be several, companies which fit this unfortunate category. Netflix, the streaming, online movie service declared that they unlikely to continue bringing in the number of new subscribers, that Wall Street expected. And just like our playbook, Netflix's stocked dropped by 10% in overnight trading.

 

Unforgiving.


More episodes from ValueSide

How you can listen to this podcast

You can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.

Recommended apps
Start listening to The American Economy Tops $22 Trillion For 2021. What's Wrong With That?
6:09
Start listening to The American Economy Tops $22 Trillion For 2021. What's Wrong With That?
6:09