Is Netflix Stock a Buy Before March 2?
March 2 is an important day for Hollywood's biggest stars.
Streaming service Netflix (NASDAQ: NFLX) has amassed worldwide popularity thanks to its vast library of popular series and movies that are no longer syndicated on network television. However, in recent years, competing media companies have invested in their own proprietary streaming services, and many have moved their content off of Netflix.
As a result, Netflix has spent the last several years reinventing itself into more of an end-to-end entertainment business. While many old shows and movies can still be found there, the company has made a conscious effort to develop its own original content.
Have these investments been worth the price tag? On March 2, investors may get an answer. Let's dig into why that is such an important date for Netflix and explore what's at stake for the company's reputation.
