If they were making tons of cash, they wouldn’t need junk bonds...
Wall street has NFLX absurdly valued at 130 BILLION dollars in value...About the same valuation as McDonalds.
All they do is stream content either borrowed, stolen, or a few shows of their own. They replaced Hollywood Video and Blockbuster which are now bankrupt.
There is nothing proprietary that NFLX has that really cements them permanently into history. And, the left wing propaganda ministry that they aligned with during their rise to fame and fortune is no longer in power...