Short sellers pile on Netflix as Disney and Apple competition looms
Short sellers are betting on Netflix succumbing to aggressive competition from Disney and Apple as the streaming giant faces its biggest challenge yet.
Disney and Apple are preparing to launch cut-price video streaming services within a month, undercutting Netflix’s monthly charges. Shares in Netflix have fallen by 25pc in three months, and several Wall Street analysts have cut price targets for it ahead of third-quarter results on Wednesday.
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