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Netflix Reaches $100 Billion in Value After Earnings Report

Netflix Reaches $100 Billion in Value After Earnings Report Not only did Netflix accumulate more United States subscribers than Wall Street predicted, the company rose above $100 billion in terms of market capitalization. Netflix added roughly $2 million domestic subscribers, compared to 1.29 million expected by a StreetAccount estimate. It also added 6.36 million users abroad. Shares jumped more than 8 percent after hours and soared more than 50 percent in 2017. Netflix told shareholders in the earnings report that it plans to spend $7.5 billion-$8 billion on content in 2018.

Source: Inform News

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