Mark Cuban apparently recognizes the revolutionary aspect of the Netflix, Inc. (NASDAQ:NFLX) business model and is buying when there is blood on the street. But was his recent “purchase” of well more than 50,000 Netflix shares entirely intentional? This could be beside the point, as he, like other hedge funds, have modeled the future of media and determined that it will be Netflix, not traditional cable distribution business models, that have the greatest chance of success.
After reporting earnings in line with estimates, shares of Netflix fell nonetheless in a tumbling market environment yesterday.
Content discussions in Hollywood revolves around...
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