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Yet, in the US, they make less per paid subscriber than Facebook does per free user. There's also 3 to 4 times the amount of said free users as there are of those paid users.

Netflix's first free-cash-flow positive year was 2020. A measly $2B, less than 10% of Facebook's (the least cash flowing FAAMG).

Netflix is a big company, but not in the same league as FAAMG.



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