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IPFS News Link • Day of Reckoning

Netflix is fueling its ballooning cash burn with $2 billion in new debt

• NBC News

Shares of Netflix fell as much 3 percent Monday, but erased most of those losses to close roughly 1 percent down.

The $2 billion adds to the growing debt burden on Netflix's balance sheet. The company reported almost $12 billion in total debt as of Sept. 30.

At the same time, Netflix is burning cash at faster and faster rates.

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