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Kenneth Leon of CFRA looks at Netflix (NFLX), saying it has “disciplined” spending on content and has “great” customer experience. He talks about international crossover hits like Squid Game and its expansion into live events. “The question is, who are the competition for Netflix?” Ken thinks the answer is social media apps like TikTok.

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NFLX Competitors are Social Media, not Other Streamers

Schwab Network

NFLX Competitors are Social Media, not Other Streamers