Netflix Is Reportedly In An Insane Amount Of Debt

How? I thought Netflix was thriving? The streaming service has reportedly accrued a long and short-term debt that totals $20.54 billion, according to Uproxx. Yes, BILLION. The company has nearly 104 million subscribers, though they’re pushing for more to make investors happy.

Why are they struggling? They’re spending a lot on prestige projects. By a lot, I mean nearly $6 billion this year alone! The good news is investors predict growth and are betting on the theory that you have to spend money to make money. To be honest, it’s working! Their original content is only getting better. I can’t imagine not subscribing.

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