- 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
ADVERTISEMENT
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.
ADVERTISEMENT
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
10 wealthiest countries in Africa according to Henley&Partners
5 African countries with the highest Schengen visa rejection rates
Top 10 African countries with the strongest governments
Oluwatomi Solanke Shares Trove Finance's Journey of Pioneering Micro-Investment in Nigeria
Beyond diagnostics: The expanding role of medical laboratories in West Africa
President Ruto seems to be winning the goodwill of his people
OPEC eyes Namibia for possible membership as oil production looms
Investor confidence in Nigeria dropped drastically over the last decade