Netflix Stock Shoots to Record Highs as Investors Embrace Cash-Burn Strategy – Variety


Variety

Netflix Stock Shoots to Record Highs as Investors Embrace Cash-Burn Strategy
Variety
For the next few years, at least, Netflix says it’s going to keep burning cash and raising debt as it focuses on content acquisition and international growth — instead of profits. And investors are cheering wildly over its Amazon-like plan to invest
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