1 Big Reason to Press Play on Netflix Stock
Followers of Netflix (NASDAQ: NFLX) have come to accept that the company has been a cash-burning enterprise. From 2015 through 2019, the business lost a combined $10.9 billion. Developing award-winning content apparently isn't cheap, and Netflix knows this firsthand.
Spending all that cash wasn't for nothing, however. The business that pioneered streaming entertainment now has 213.6 million members worldwide. This scale is a critical tipping point, as the company is now turning the corner financially.
The cash spigot is about to start running at Netflix, and it's a great sign for shareholders.
Source Fool.com
