As the world’s largest premium streaming service, it seemed odd to see Netflix (NASDAQ: NFLX) tied to so many potential content acquisitions over the past year.
After Thursday afternoon’s poorly received financial update, it’s becoming clear that it is despair — and not greed — driving the push for non-organic growth
Friday morning saw at least one analyst downgrade and eight price target reductions, even a couple of hours before the market opened. Netflix’s second quarter wasn’t great. Its near-term guidance was worse.
Let’s reassess Netflix’s public and, in some cases, heavily rumored M&A activity in light of the platform’s slowing growth. Channel surfing for growth Netflix stock has plummeted more than 40% over the past year, so it’s fair to say that it was already struggling to connect with investors even before this week’s update made matters worse. The second quarter was a mixed bag.