Wells Fargo Analyst Declares Netflix S Recent Pain Is Over
As Netflix founder and Co-CEO Reed Hastings acknowledged during Netflix’s Q2 earnings call, “Tough in some ways losing a million and calling it a success.” The media analysts at Wells Fargo believe Netflix “has found a bottom.” That means there’s nowhere to go but up — especially with an ad-supported tier and password-sharing crackdowns on the horizon. (Those programs will roll out domestically in 2023, but their financial impact will likely not be realized until at least 2024....