Netflix (NASDAQ: NFLX) is a subscription-based streaming service through which members can view TV shows, documentaries, and movies on any Internet-connected device.  The company also offers its DVD-by-mail service in the United States. The company was founded in 1997 and is headquartered in Los Gatos, California. I am bearish on NFLX stock. Strong fundamentals come with a very elevated valuation. The stock’s underperformance in the past year may continue in 2022, as any miss in global subscriber growth should raise concerns about both profitability and the rich stock price. Netflix: The Bullish Side Investors have several reasons to be optimistic about NFLX stock.
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