Epstein File EFTA02512458: Solicitation and Netflix (DS11)

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Epstein File EFTA02512458: Solicitation and Netflix (DS11)

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This document contains investment analysis and financial commentary regarding Spotify and Netflix business models, discussing potential valuations and cash burn scenarios. The material includes standard financial disclaimers stating it does not constitute an offer or solicitation to purchase or sell securities. No specific individuals, dates, or transactions are identified in the excerpts provided.

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solicitation Netflix

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Excerpt 1

This material =oes not constitute an offer, or a **solicitation** of an offer, to purchase =r sell any security or financial instrument, nor does the material

Excerpt 2

Bull/Bear Views Bull Spotify becomes the **Netflix** of =usic by becoming a record label owning exclusive content - not =he case today and likely cash intensive

Excerpt 3

likely would be then should be valued =n gross profit multiple Bear Cash burn / Potential dilution =ises higher than expected as company pivots to become **Netflix**