I hear people say Netflix isn't profitable all the time, and I believed them until one day I decided to look it up. They are very successful judging by their net income.
I hear people say they're losing money so often though that I wonder if I'm misunderstanding something.
A tweet (which I now can't find), once said that "the ability to sustain losses indefinitely is the 'moat' of this economic cycle"
Can you give me some hypotheticals with numbers to help me understand?
Ultimately their bank account is growing, and it's not like their war chest is so small they can't ride out some oscillations.