Netflix Knackered – Earnings Miracle “Gains” Evaporate As FANGs Fall
by Tyler Durden
ZeroHedge.com
01/20/2016
Mainstream business media could not stop itself from exuberating all over Netflix’ earnings last night, but apparently some sober reading overnight reminded investors that US member growth is slwoing and cash burn hit a record high. From up 10% to down 6%…NFLX is knackered and FANGs are FUBAR.
The Rest…HERE