Stock promoters where more ingenious then; today all that is needed is “blockchain” in the company name.
All tagged Netflix
Netflix: Spend, Borrow, Issue Stock, Repeat.
In 2015, Netflix’s negative cash flow was $750 million. Last year, negative cash flow was $1.47 billion and through 9 months this year, $1.3 billion. Be that as it may, the company just sold $1.6 billion of bonds with a yield of 4.875%.