netflix stock 2017
Exactly 15 years ago, Netflix went public as a DVD-by-mail service with 600,000 subscribers, and now it’s streaming to over 100 million accounts. When it first started, Netflix was a $300 million start-up, but now it’s a $68 million streaming giant that is changing the world of television by delivering one billion hours of content each week. This success wasn’t easy however, as its stock lost nearly 80% value in July and November 2011 when Netflix raised its service fee and made plans to split the company’s streaming and DVD services. If someone invested $1,000 on Netflix’s IPO day, now it’s worth about $140,000.