Netflix is getting bigger and BIGGER…
Yes, bigger than Disney!
The streaming platform has had huge gains on the stock market, according to Uproxx:
Netflix’s stock was trading at an all-time high on Thursday morning, boasting the company’s valuation to $152.6 billion. Meanwhile, Disney‘s stock fell one percent, giving it a market value of $151.8 billion. Somehow, I think the Mouse House — which owns Pixar, Marvel Studios, Lucasfilm, The Muppets Studio, your cutest pet, your first child, and soon, 21st Century Fox — will rebound.
Netflix, which has been publicly traded since 2002, has become a fierce competitor for Disney and other media conglomerates over the years as streaming as become more popular with consumers. Despite the fact that Netflix continues to burn through cash, the company has become a stock market darling as it adds more subscribers around the world. In April, Netflix announced that had reached 125 million total subscribers and generated $3.6 billion in revenue during the first quarter of the year.
(image: Stark Insider)