, Columnist
Netflix's Growth Is in the Eye of the Beholder
The rapid pace of subscriber additions is impressive, but so is the amount of cash going up in flames.
This article is for subscribers only.
Netflix Inc. is the Uber of the entertainment programming business. Whether Netflix investors recoil or cheer at the comparison depends on their risk tolerance.
Netflix doesn't share Uber's inclination to push boundaries, and it has a well-functioning business. But both companies are impressive growth machines that rely on outside funding to maintain the momentum. And in both cases, it's not clear what the real trajectory of the business would look like if access to capital dried up.