Business
A COVID-19 unwind is on its way for investors – The Australian Financial Review
Netflix’s shock slowdown in subscriber growth suggests some in the market and the companies themselves have underestimated the COVID-19 unwind ahead.
Its likely many in the market have underestimated the pullbacks in subscriber growth as lockdowns unwind and many of those customers choose to cancel subscriptions. Short-sellers will also be eyeing up Netflix and other COVID-19 winners as the high valuations leave room for profit-taking and a fundamental correction.
Netflixs big guidance miss may also be a disappointment for Hamish Douglass Magellan Financial Group.
Netflixs big guidance miss may also be a disappointment for Hamish Douglass Magellan…
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