If you think back to last November – you’ll remember that everyone was throwing in their towels on Netflix (NFLX).
Amidst a sudden whirlwind of bad news – like the serious Kevin Spacey allegations, and Disney pulling all of its content in order to start its own streaming business.
It was a bad news business for this streaming giant.
But fast forward six months, and the tables seem to be turning…
Recently, NFLX announced it is spending $8 billion on developing and acquiring original content. And on top of this, they plan to raise $1.5 million in debt.
That’s a step in the right direction – something any investor likes to see.