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Netflix, Inc. is an American media company founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California and currently based in Los Gatos, California.It owns and operates an eponymous over-the-top subscription video on-demand service, which showcases acquired and original programming as well as third-party content licensed from other production companies and distributors.
Netflix was founded by Marc Randolph and Reed Hastings on August 29, 1997, in Scotts Valley, California. Hastings, a computer scientist and mathematician, was a co-founder of Pure Software, which was acquired by Rational Software that year for $750 million, the then biggest acquisition in Silicon Valley history. [10]
Netflix initiates initial public offering (IPO), selling 5.5 million shares of common stock at the price of US$15.00 per share. It brings in $82.5 million. [7] 2003: April: Growth: Netflix announces that it reaches 1 million subscribers. [8] 2004: August 11: Competition
Netflix’s head of advertising Amy Reinhard recently said the company had 23 million subscribers to its version with ads. That was a 70% increase compared to the prior quarter, the company said ...
Netflix stock climbed more than 1% in morning trading following the announcement. The stock is up more than 40% year-to-date, far outpacing the S&P 500's ( ^GSPC ) 10% gain over that same time period.
Netflix shares are on one mighty run. Here's why.
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American equity market by capitalization.
On May 23, 2002, the public got its first crack at Netflix when its stock began trading on the Nasdaq at an IPO price of $15 per share. As of Aug. 23, 2023, it has earned its original investors a ...