Netflix had a"good enough quarter," but the way it's running its business leaves something to be desired, widely followed tech investor Gene Munster told CNBC on Tuesday.
"At $10 a month they would have to add 30 million [subscribers]," said Munster, founder of the venture capital firm Loup Ventures. Netflix CEO Reed Hastings said he isn't worried about the increasing competition. Last week, Disney announced its streaming service, Disney+, will be available starting Nov. 12 for $6.99 per month or $69 per year. Apple also plans a streaming service, Apple TV+, which is expected to launch this fall.
"Netflix will do well. I think they're going to have great market share in the U.S. and globally. I don't necessarily believe that that's a good stock," he explained.
What would he know?😂🤣👎
But the other Corps you do infomercials for , when you open your greedy mouth - do ! Grow up !
And they are about to get their asses smoked by Disney+. Seriously, the crap they have been putting out lately is just... subpar.
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Source: CNBC - 🏆 12. / 72 Read more »