Netflix’s (NASDAQ: NFLX) deal with Microsoft (MSFT) for its ad-supported tier has not gone down well with Needham analyst Laura Martin, who said that the deal will delay the launch of NFLX’s ad-supported tier. More worryingly, the analyst expects "12 months of share price weakness from here." Martin remained sidelined on the stock with a Hold rating. Shares of Netflix have already cratered 70.7% this year. On Thursday, Netflix announced that it had picked Microsoft as its partner to develop its ad-supported tier. Analyst Martin pegged the deal as a “surprise move” and listed some implications for Netflix from the deal.
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