Netflix invested a lot of money into original content and they may have gotten in over their head. According to the LA Times their debt is $20.54 BILLION!!! Now I don’t know about you, but that’s a lot of money!
It’s reported that they fear Netflix may create a bubble where the content failed to bring in the money that could keep them afloat.
The link to the story is here http://www.latimes.com/business/hollywood/la-fi-ct-netflix-debt-spending-20170729-story.html