Turing Distinguished Leader Series: With Partner David Zhang, TVC
ReadWriteStart
AUGUST 26, 2022
That’s a valuation number and pricing number. Suppose you trace the history of Netflix, which we’ve invested in since 1999 and are still one of the largest shareholders. The churn rate increased, and then the stock plummeted by 70 percent. Like that happens. . And so that’s exactly how we see it.
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