Premium: Mr Market’s 20% Netflix tantrum suggests he’s completely out of control.

Mr Market's mood has turned decidedly nasty..Last night Netflix released quarterly results showing the company's exponential expansion is continuing – 2021 full year revenues were up 19%, operating income rose 35%. Subscriber growth in the quarter was the 5th highest ever..___STEADY_PAYWALL___.But Mr Market focused on a single item – the forecast of muted subscriber growth for 1Q 2022. He smashed the share price by 20% in after-hour trading, taking it from an already depressed $508 to $405..Below is the full report on the results from our partners at the WSJ so you can make up your own mind about Mr Market's reaction. My reading is this erratic behaviour reflects what happens close to turning points..What the manic depressive does next is anyone's guess. What we do know for certain, though, is today's buyers will be acquire co-ownership of Netflix at a sizeable discount to yesterday's investors – among which were top-ups in the BizNews portfolios..Much more important is to ask ourselves whether the fundamentals of Netflix's business have changed? Has its hugely successful think local, leverage global approach been derailed? Is Reed Hastings' long-term strategy on track? For me, the answer to all three is yes. So relax..More for you to read today:.The Presidency vs Lindiwe Sisulu: The two statements. Minister apologised for attacks on black judges says Presidency, no I didn't says Minister.An Economic Evaluation of Covid Lockdowns. The costs of prevention efforts have outweighed those from the direct effects of the virus itself.Massive fraud scandal hits Dimension Data. Executives accused of making big undisclosed profits on sale of The Campus..NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via BizNews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our help desk can assist – support@biznews.com..If you'd like to help sustain our independent voice, why not share the love by making a gift that keeps giving? Click here to access the BizNews Premium subscription signup form, and be sure tick the relevant box. At R100 a month and inclusive of full membership of The Wall Street Journal, it's a mind-expanding gift at an incredibly modest price.

Premium: Mr Market’s 20% Netflix tantrum suggests he’s completely out of control.

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