Amazon Gobbles Up More Lost Netflix Content
by Bill Maurer
On Friday, Amazon (AMZN) took another shot at Netflix (NFLX) in the streaming video war. If the previous sentence sounds familiar, especially coming from me, it should be. This is the latest in a string of moves Amazon has made to bolster its Prime Instant Video service, an increasingly strong competitor to Netflix. Unfortunately, as I'll describe throughout this article, this news is most likely negative for the financials of each name, which means it adds to the short case for each stock. read more »
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