Amid Swirling Competitive Concerns, 1 Bullish Sign for Netflix
Shares of video-streaming leader Netflix (NASDAQ: NFLX) have been trending lower ever since it reported its first U.S. subscriber loss in nearly a decade as investor fears around competition continue to mount. Disney is preparing to launch a discounted bundle that will include Disney+, ESPN+, and Hulu for $12.99 per month -- the exact same price as Netflix's most popular plan. There is no shortage of other competing services in the pipeline, either.
Here's one bullish signal that should give investors a little bit more confidence in Netflix.
Microsoft general counsel and Netflix director Brad Smith. Image source: Microsoft.
Source Fool.com
