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Netflix Users Streamed 1 Billion Hours in June

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  • Description

    MarketWatch’s Jon Friedman on Netflix’s business model and stock.

  • Duration 2:31
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What -- is a wanna well actually is the biggest network in America that's right.

One billion hours watched in June the stock was up 20% last week on this news and over the weekend Barron's reported shares continued to -- -- But John Freeman of MarketWatch bit skeptical and John you remain skeptical view.

I'm not treated equally Charles and sorry.

Really I don't.

-- let's one billion hours this to -- says it's it's more convincing than a FaceBook -- 900 I think this is real actual stuff.

-- I think in -- monetizing it now.

Are they on ties with the -- -- -- income from jointly forces -- -- with -- income from a what's the big numbers on July 24 and in three months.

And in three months ended three months -- stock has list down so what's in the past as you -- on the following it now be convinced now on.

But it -- skeptical.

Of the the business model.

Or or are -- are yes really well it anyway and yeah I mean business model it's a it's a matter of they're being squeezed by other than other.

Other rivals for example.

Unless you're the arrival I don't I don't -- I don't I guess that if I can't like he's Netflix can't -- out there for example.

Other companies may try to offer cheaper version of the Netflix and how much should method -- did -- -- did a lot of lot of fans as you'll know -- it's -- before billion hours it's fantastic.

And the company is very popular among those people -- I think among people who really want to be thrifty in the future they may look somewhere else.

Well does.

Nine I think one they had technical analysts might look at is the fact that -- stock is -- about a quarter its value over the past three months that might actually look attractive to an investor.

On the other hand Charles the -- at about two about 25 pretty brits Dockery.

What if they start to bring the numbers -- -- of the bottom line starts to reflect this amazing amount billion hours what do we start to see that in a bottom line would you be open to changing your now beyond W onboard and I'm probable -- to assure a wanna see this company reduced earnings.

Three times in a -- before I say.

They've really -- in the quarter they've really done -- we have become sceptical for good reason I think yeah it -- and sentiments -- how about the stocks come -- Hastings and company -- -- ago and I guess is somewhere in the -- -- going on FaceBook to announce this billion billion hours -- report that was very sure doesn't have to be cool now to and a job and of course got the aftermath -- -- saying you know what.

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