Netflix borrowing another 2B!


Sweet Jebus, netflix is borrowing another 2B, adding to their 12B debt. That's the foreign debt of a small country! Would not touch their stock with a 10 foot pole. Same with Spotify. Hmm...insane valuations of companies that don't make money, and a wallstreet that is back to its old antics of gambling with other people's money, that rings a bell. What's that thing called that happens every 10th year, and the taxpayers end up paying for? :O

Gordon HooperComment