Netflix stock skyrockets on profit beat despite looming competition from Disney and Apple
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Dang, investors like what they see.
Netflix is looking better this quarter than last. And that’s a good thing, because it’s about to go to war with Apple (and its unfathomably deep pockets) as well as Disney (and its outrageously expansive archives). Both are gearing up to launch cheaper streaming services, and Netflix, which lost subscribers for the first time ever in the U.S. during the second quarter of 2019, has plenty to prove.