Firm increased business expenses in 2021 after former chancellor introduced 130% ‘super-deduction’ relief scheme
Netflix (NASDAQ: NFLX) still stands above all the other streaming networks, with 220 million subscribers and $8 billion in revenue. While it tackles these issues from atop its precarious perch, there's a major drawback that it has compared to almost all of its competition -- and it makes owning Netflix stock look a bit risky right now. Let's walk back a few steps to see what led to this situation since Netflix didn't change, but the world has.
At the time of writing, Apple, Microsoft, Alphabet, and Amazon are the only four U.S. companies with a market capitalization of $1 trillion or greater. Tesla is not far behind, with a market cap of $907 million. It goes without saying that these companies all had much smaller market caps not too long ago.