23 Jan Did Wall Street Just Give Up on the Streaming Wars? [NextTV]
(Above) Streaming services
By David Bloom
January 23, 2022 | Well, that was a week. Investors apparently decided all at once that they’re not into deficit-financed companies, in streaming video or any other wildly overvalued corner of technology. What that means when all the major streaming services plan to spend billions more than they’re bringing in to fuel a brutal arms race for attention is suddenly much more complicated.
To recap, the stock market had already begun a reckoning on Tuesday, whacking share prices in the tech-heavy Nasdaq by 2.6%, and dropped again both Wednesday and Thursday. Then came Netflix earnings after Thursday’s market closed.
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