Why Netflix (NFLX) Stock is Overvalued?

What is Netflix?  Netflix, Inc. is an American media-services provider and production company headquartered in Los Gatos, California, founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California.  Netflix (NFLX) Stock is Overvalued?  When Netflix first pushed into original content in 2013, it had a significant first-mover advantage. Traditional networks and studios either lacked the expertise to build their own streaming platforms, or they were unwilling to sacrifice the money they earned from licensing their content to Netflix.  That’s all changed. Disney DIS, -2.12%, Warner Media T, -1.66% and NBC Universal CMCSA, +0.31% are all pulling their content from Netflix to launch their own streaming services, Amazon AMZN, +0.95% is increasing its content budget, and Apple AAPL, -0.57% just announced the launch of its Apple TV+ service, which will be free for the first year for customers who buy an Apple device.  Netflix is already struggling to maintain its growth before these new competitors launch. The company added just 2.7 million subscribers in the second quarter, its slowest growth rate in three years, as shown in Figure 2. Despite these poor results, Netflix continues to project it will add seven million subscribers in the third quarter. Best Money Blog: https://www.moneywithcarter.com/