Netflix was the best-performing stock of the decade, delivering a more than 4,000% return (10 minute read)
Netflix had just over 12 million subscribers paying $9 a month at the beginning of the 2010s. Today, the company has a market cap of close to $148 billion, making it one of the most valuable US companies. The stock has risen 4,181% since it was listed. Netflix runs on a thin operating margin as it is expensive to buy and invest in entertainment, and competitors are forcing Netflix to spend more to stop customers from moving to other services. It projected that it would spend $15 billion on content in 2019. Netflix has borrowed close to $10 billion in the past two years, more than doubling its debt. Some shareholders are concerned as competitors, such as Disney+, are introduced to the market. Netflix is projecting that its cash burn will drop off starting next year.
Dropbox’s new transfer feature lets you easily send a file to someone, WeTransfer style (1 minute read)
Dropbox Transfer is a new way to share files. Users can share a link to the file and the recipients can either directly download the file from the transfer page or save it to their own Dropbox accounts. The system is similar to other file-sharing services like WeTransfer. Dropbox Transfer will allow users to send up to 100MB of files with a free account. Dropbox Professional subscribers will be able to transfer up to 100GB, password protect transfers, choose an expiration date for the files, and customize the background on the transfer page.