The market is irrational, and this proves it. Netflix $NFLX just added 9.3 MILLION subscribers when analysts were expecting 4-5 million. ⏫ Yet, Netflix $NFLX is down 5% post-market? 🧐
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@DividendDudeYT They said they’re going to stop reporting subs. Which means, we know growth is dead so we’re gonna get ahead of it. Especially with comps like this. Yikes.
@DividendDudeYT It’s not irrational. Sometimes good news is priced in and post market movement doesn’t mean a lot when it’s only down 4%
@DividendDudeYT Selling out of a company that is reducing transparency is irrational?
@DividendDudeYT They won’t be reporting subscriber numbers anymore which is going to make it difficult for analysts to forecast future earnings.