Stock is at an all time high and virtually all of its legacy business is struggling. You can't sell enough streaming memberships to make up for the lost revenue on the legacy side. It is simply a bubble and I would look out below if I owned this stock. Bearish divergence is clear. Distribution at its finest.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.