Netflix and Chill-vest

Subscriber growth in the first quarter of 2020: 15.77 million. That’s a big number. $14.17 billion is also a big number. That’s how much debt Netflix had at the end of March. They’ve just announced a debt raise of another $1 billion in junk bonds, so it’s only getting larger. Netflix is an investment anomaly, to be honest: The valuation …

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