NETFLIX SINKING DEEPER INTO DEBT TO FUEL SUBSCRIBER GROWTH
Netflix is sinking deeper into debt in its relentless pursuit of more viewers, leaving the company little margin for error as it tries to build the world’s biggest video subscription service.
The big burden that Netflix is shouldering hasn’t been a major concern on Wall Street so far, as CEO Reed Hastings’ strategy has been paying off.
The billions of dollars that Netflix has borrowed to pay for exclusive series such as“House of Cards,”
