The following video is from Friday's Motley Fool Money roundtable discussion with host Chris Hill and analysts Ron Gross, James Early, and Joe Magyer. In this segment, the guys talk about some major headaches for Netflix (NFLX 2.00%) this week. On Monday, they took major action to defend against a hostile corporate takeover, and now, Amazon (AMZN 1.82%) has announced the launch of their Prime service, which is obviously tailored to bite directly into Netflix's marketshare. The move comes from an incredibly powerful competitor.
Netflix takes action.
Chris Hill owns shares of Amazon.com and Microsoft. Joe Magyer owns shares of Amazon.com. The Motley Fool owns shares of Amazon.com, Costco Wholesale, Microsoft, and Netflix. Motley Fool newsletter services recommend Amazon.com, Costco Wholesale, Microsoft, and Netflix. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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Stocks Mentioned
Microsoft
MSFT
$332.58
(1.28%)
$4.19
Netflix
NFLX
$403.13
(2.00%)
$7.90
Amazon.com
AMZN
$122.77
(1.82%)
$2.19
Costco Wholesale
COST
$512.60
(0.20%)
$1.04
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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