Netflix is missing out on $8B-$14B by rejecting advertising, says analyst

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  • CNBC Television published this video item, entitled “Netflix is missing out on $8B-$14B by rejecting advertising, says analyst” – below is their description.

    Netflix has slid more than 13% off its 52-week high and is now the worst performing FAANG stock this year. Laura Martin, Needham senior entertainment and internet analyst, joins ‘Power Lunch’ to discuss how the company’s decision to reject advertising dollars could be funding its competitors, ultimately hurting the streaming company.

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    FAANG is an acronym referring to the stocks of the five most popular and best-performing American technology companies: Facebook, Amazon, Apple, Netflix and Alphabet (formerly known as Google)

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