Nothing and I mean nothing will top his Netflix worthless piece of crap in 2005. Like you can tell he was being a child when he made that statement.
In fairness, a LOT of people underestimated Netflix for a long time. I remember reading articles over a period of several years that predicted that they were a flash in the pan and that competitors (Blockbuster) or the oncoming age of steaming services would soon make them irrelevant.
Heck, people still think Netflix is unsustainable with how much cash they're burning.
Pachter is one of those people (however he is someone that seems to hold grudges of company that are successful in spite of his prediction). However it really is the "worthless piece of crap" comment that gets me. It showcases how unprofessional he truly is.
For awhile he has been trying to paint netflix is doomed (in July 2017, he said in 12 months it would decline to $73, if i recall in July 2018, it was $300 plus).
(He is also ranked really low based on his stock portfolio it seems as well).
Ranked #4,446 out of 5,110 Analysts on TipRanks(#10,581 out of 11,714 overall experts)
Last edited by Acevil - on 04 January 2019