Chasing the Wrong Prize.
Last month, Netflix announced a first quarter forecast of only 2.5 million new subscribers. That would be the weakest quarter for the world’s largest streaming service since 2010, when the majority of Netflix customers still got DVDs in the mail. The day after the announcement, Netflix shares tumbled more than 25%. Disney+ has grown rapidly. The firm set a goal of 60 million subscribers by t... »
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