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Comment by apwell23 | Hacker News Reader

stock seems to be up 160% from its low in 2022. So this piece of information is irrelevant to the future of the company ?

website seems to be down. I read this link instead

https://www.irishtimes.com/business/2023/12/28/shakeout-has-...

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Which stock? This isn't about Netflix, but its rivals. Kind of a garden path headline.

> Disney, Warner, Comcast and Paramount

warner is up 22% this year.

comcast 26%

You have to compare any growth against a benchmark index which reflects what would’ve happened if the company had simply invested its assets in that index fund instead.

That's nonsensical when they are part of the index driving that growth.

That’s right, e.g. you can’t really choose SPX for any of the top 10 members (AAPL, MSFT, AMZN, NVDA, GOOGL, META, GOOG, TSLA, BRK/B, JPM) but after that it trails off pretty quickly.

Eh, not really, especially with the extremely dangerous weighting of the S&P.

You have to carefully choose the benchmark but you need to benchmark against something.

S&P is up 25% this year.

That says nothing about streaming. Maybe it would have gone up even more if they didn't launch their streaming service.

First sentence

>The world’s largest traditional entertainment companies face a reckoning in 2024 after losing more than $5 billion in the past year from the streaming services they built to compete with Netflix.

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