Netflix Inc. would like to thank you for attending its cash bonfires over the years but says it's time to go home now — and watch more Netflix. The streaming-video company stunned investors by announcing that it's "very close" to becoming a true cash-flow-generating company and that it no longer needs to borrow to finance its day-to-day operations. Translation: The money-torching stage of Netflix's evolution is coming to an end as it gets closer to becoming legitimately profitable. This revelation, which came in the release of fourth-quarter results, is significant because it would seem to firmly rebut the biggest long-standing argument against owning Netflix shares — that the business can't sustain itself. Read the whole thing. Jim Simons Proved the Textbooks Wrong — Almost — Noah Smith Europe Will Regret Stealing London's Finance Business — Bloomberg's editorial board Trump Turned Republicans Into Losers — Ramesh Ponnuru So Long, Citizen Trump — Timothy L. O'Brien Netflix's 'Bridgerton' Offers More Than Covid Escapism — Martin Ivens Covid-19 Vaccines May Cut Transmission as Well as Symptoms — Faye Flam Why Bill Gates Is Keen on Private Jets — Brooke Sutherland and Chris Bryant Biden Has a Once-in-a-Century Chance to Fix Capitalism — Joe Nocera Did I Make a Mistake Becoming an American? — Daniel Moss This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership. |
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