Over the past week, Hollywood and Wall Street have been consumed by the share-price crash of Netflix. Other media stocks have been pulled down with Netflix — a point of exasperation among executives who have spent the past few years trying to copy what Netflix did, and believing the stock market would reward them for it. Perhaps no company has been hurt more by the sudden shift than Spotify, which has lost nearly 25 per cent from levels just before Netflix’s fumble. Read More...
Over the past week, Hollywood and Wall Street have been consumed by the share-price crash of Netflix. Other media stocks have been pulled down with Netflix — a point of exasperation among executives who have spent the past few years trying to copy what Netflix did, and believing the stock market would reward them for it. Perhaps no company has been hurt more by the sudden shift than Spotify, which has lost nearly 25 per cent from levels just before Netflix’s fumble.
