Why Wall Street can't take its eyes off Netflix
Everyone's watching Netflix this week — Netflix earnings, that is. And it will be a make-or-break moment for the company that's made its name synonymous with streaming itself.
Here's the deal: Tomorrow evening, after the stock market closes, Netflix will report perhaps the most consequential earnings report in its 25-year history.
Investors are on the edge of their seats to see whether this quarter was just Regular Bad or Holy Crap Bad
there aren't any realistic expectations that Netflix will surprise with the kind of good news that made it into one of Wall Street's most hyped companies.
So when Netflix reports tomorrow, that 2 million figure will be on everyone's minds.
If by some miracle in comes in less than that, investors can breathe a sigh of relief.
There will be hell to pay if they report a number that is significantly higher than the 2 million loss being thrown around,