I think the other reason Netflix is winning is they are a cheaper alternative to going out and spending money. As the middle class gets whittled away by rising rents and general inflation, staying home to watch the TV is all that many have left.
Netflix Defies Market Uncertainty: How the Streaming Giant Thrives Amidst Turbulence
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Last
8,547.4 |
Change
-17.700(0.21%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,565.1 | 8,577.4 | 8,525.4 |
| XJO (ASX) Chart |