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Does Netflix Have a Competitive Advantage?

Jeremy Bowman, The Motley Fool
·5-min read
Does Netflix Have a Competitive Advantage?

Netflix shares touched an all-time high on Wednesday after the company delivered another impressive earnings report. Despite record subscriber growth in 2020, which was aided by the coronavirus pandemic, Netflix bears continue to roar about the onslaught of competition the streamer is facing. Streaming clearly reached a tipping point last year and the coronavirus pandemic has only accelerated the transition from linear TV to streaming TV that co-CEO Reed Hastings predicted several years ago.