Netflix is now worth more than $100B
The entire stock market feels like its in a bubble. 
Netflix stock gained more than 25% in the past one month. Their free cash flow (FCF) has been negative every single quarter and will be for many quarters to come. Stocks trade based on discounted cash flow(DCF). Netflix however produces no material return for investors and still majority of the analysts keep putting higher and higher price targets, its like they are collectively pushing a hidden agenda. It&#x27;s as if there is this new way of valuing companies that is not based on DCF.