Basically, they are earning $8/share. The P/E ratio of 61 means their stock price is trading at 61 times earnings. 61.6*8.26=$508, current stock price. In 2020 they had revenue of 25M. So basically these fucking idiots that invest think at some point Netflix will have revenue of $1.5B. Which would be laughable if we weren't in clown world.
Forgive my extreme ignorance, but doesn't all that mean NF is doing well, in spite of a few customers cancelling?
It means there are a lot of people invested in the stock and don't want it to go down. Institutional investors, pension funds, governments. Do you think in the near future Netflix will make even $500M? They are losing subscribers and they made only $25M before that.
FunFact: the 0bamas are on the board, and got paid 30 MILLION DOLLARS! lol
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