Netflix shares briefly surpass Disney
Netflix recently revealed that its subscriber numbers are a whopping 125 million people. Analysts think that Netflix’s growth is only just beginning, meaning that although Disney is pushing aggressively for new members they may not be able to compete with the streaming giant. From the article: “Shares of Netflix rose 1.8 percent Thursday, reaching a market value of $152.6 billion, according to FactSet. Disney’s stock fell 1 percent and now has a market value of $151.8 billion.” Netflix is the best performing S&P 500 stock of the year so far.
Full story at CNBC.
More business.Posted by Josh Urich