NEW YORK (TheStreet) -- In case you missed it, Amazon
.com stole the rights to "Downton Abbey" reruns from Netflix
last week. In and of itself, this is not a big deal, but don't ignore the news. Reed Hastings isn't. And, if he is, quite frankly, he's foolhardy.
Hastings likes to make you believe his company operates from a position of strength. He uses all sorts of smoke and mirrors to do it, but, ultimately, Netflix cannot continue to finance its admirable content acquisition, original programming and international expansion efforts by refinancing and taking out debt.
It will catch up with the company. When it does, the business -- as powerful and impressive as it is as a consumer service -- will crash like (no pun intended) a "House of Cards".
... Click to view a price quote on AMZN. Click to research the Retail industry.
Weiter zum vollständigen Artikel bei "TheStreet.com"