- Shares of
- The new debt will be used for “general corporate purposes,” Netflix said, which will almost definitely include more investment in original content. The company has confirmed it plans to spend $8 billion on up to 700 new shows this year.
- On it's most recent quarterly report, Netflix said it has amassed $6.54 billion in long-term debt obligations already, something that has
- Tuesday’s decline comes
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Netflix continues to sink after its junk bond announcement
The slump comes amid a broader tech selloff fueled by a spike in 10-year Treasury yields to a level not seen in a year.
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