From TheStreet:
Netflix (NFLX – Get Report)shares have been on a tear.
They’ve doubled in price. The company’s 7-for-1 stock split in late June and recent announcement that Brad Pitt and Angelie Jolie have signed on to direct, produce and appear in shows for the streaming content service have excited investors.
But the announcement that mega-investor Carl Icahn was bailing on the company has tempered the good news. Icahn cited increased competition from cable providers, some of whom have already tasted success with original shows.