The industry's pre-pandemic powerhouses have held their value by offering consumers much-needed distraction while waiting for COVID-19 to pass.
Few companies have more of an impact on consumers' daily lives than Starbucks (NASDAQ: SBUX) and Netflix (NASDAQ: NFLX). Starbucks built its coffee empire by persuading the general public that drinking its favorite caffeinated beverage should be a premium experience worth paying up for. Netflix saw the prominence of the internet as an opportunity to deliver high-quality media content to viewers when and how they want it, at an affordable monthly price.
There's little doubt that Netflix (NASDAQ: NFLX) has a lot working in its favor. Cord-cutting is gaining momentum, streaming adoption is growing, and international growth is just getting started. In this episode of Fool Live that aired on Oct. 29, "The Wrap" host Jason Hall and Fool.com contributor Danny Vena discuss Netflix's decision to raise prices and what overall impact it will have on its results.