IPFS News Link • Day of Reckoning
Netflix is fueling its ballooning cash burn with $2 billion in new debt
• NBC NewsShares 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.