Rich Greenfield

I think it's a

You know, there was sort of this entire panic of like, was growth over for Netflix and then launched advertising content sort of to do really well again and growth surge back into the teens.

And I think, Ed, the problem right now is that investors are worried when you put up a good quarter and you don't raise the full year, you sort of signal the second quarter is going to be a little slower.

what does everyone assume?

They go, well, 16, 14, 12, 10, and then eight, like they just start assuming the worst.

And I think, you know, we've been through this before where investors fear sort of a meaningful revenue slowdown.

I think Netflix is very, very focused on maintaining, you know,

mid-teens ish revenue growth over the long term.

And I think, you know, it's still very early in the advertising.

I mean, you think about it.

This is a 50 billion plus revenue company and advertising is a few billion.

So it's still very early days as they ramp up their advertising.

Not just in the U.S., but in the 12 markets where they have it around the world.

And so I think you add in the fears of not raising guidance in a stock that had sort of bounced off the bottom from the whole Warner situation.

And then you poured salt in the wound by having Reed Hastings leave the company, which no one expected.

And the reality is.

I find it very hard to believe that Reed Hastings would be leaving if the company was in trouble.

And so I feel like this is probably a sign of his confidence in the long term.

Right.

Whereas I think the street is obviously concerned that, oh, my God, is he leaving because the growth story is over?