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Netflix Implodes

Netflix NFLXIt’s still unclear why this was a surprise to anyone, given that it was crystal clear Netflix (NASDAQ:NFLX) was struggling to renegotiate its digital content contracts with the folks who own the movies and TV shows the streaming company offers to its subscribers. Yet, most investors seemed genuinely shocked that Netflix ended up at one point more than 60% off highs hit early in the year.

NFLX still is down 34% from that high, and its content costs continue to rise.

That was news a long time ago, though … even if most investors ignored it.

Article printed from InvestorPlace Media,

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