The Worst Mistake Netflix Investors Can Make Right Now
When you sit atop the mountain as the unquestioned leader of your category, you become a target. Every rival wants to knock off the king. That's why the most recent Super Bowl champion always has a tough time repeating the feat -- every team it plays has that game circled on its schedule as a special test.
It seems safe to call Netflix (NASDAQ: NFLX) the champion among streaming services. It's the unquestioned leader in its space, which has led to a variety of major players, including Walt Disney (NYSE: DIS), AT&T (NYSE: T), and Comcast (NASDAQ: CMCSA), setting their sights on toppling the king.
That's a daunting position to be in, but it shouldn't panic investors into selling. Netflix has new competition and some serious challengers. The worst move for investors in the technology stock would be to get scared and think that Disney+, NBC's Peacock, or AT&T/Time Warner's HBO Max will hurt the streaming leader in the long term.
Source Fool.com
