‘I Watch Something on YouTube Every Day’ but Netflix a ‘Dormant Subscription,’ Says Chamath Palihapitiya Underlining a Financial Lesson

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. On Tuesday, Social Capital founder Chamath Palihapitiya questioned Netflix Inc.'s (NASDAQ) content strategy and debt burden after the streaming giant reported third-quarter results that narrowly missed revenue estimates. Chamath Palihapitiya Questions Netflix's Content Strategy In a post on X, Palihapitiya said he watches YouTube every day but rarely uses Netflix, describing the streaming service as a "dormant subscription." He argued that YouTube benefits from lower content creation costs, while Netflix has accumulated significant debt to finance its content library. Don't Miss: A single bad hire can set a startup back years.