Netflix stock has trended lower since the short-lived excitement following the company’s third-quarter earnings report. The strong earnings results boosted Netflix stock to a new all-time high, but the shares have been sliding ever since.
Netflix to spend $8 billion on content in 2018
The company’s management has revealed that they’ve earmarked a massive $8 billion for original content next year as the company wades further into movies with 80 new ones to be added to its growing pile of hit series. According to the Harvard Business Review, no other online player is planning to spend as much as Netflix on original content, so it seems investors had a good, long think about that $8 billion, especially given the bottom-line miss.
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