Netflix Company is now worth $70 billion
The House of Cards propelled Netflix Company to fame in the world of business and Hollywood. In reality, it is not a house of cards.
Netflix is experiencing huge subscribe growth in the United States. This is associated to its released of original content to its users.
The company has grown by a huge margin over the years. It has even developed its own Marvel Universe. Netflix own shows featuring Disney book characters. These are some of the factors that have propelled Netflix with support from loyal users.
In April Netflix Chief Executive Officer, Reed Hastings announced that the company had reached the global 100 million users milestone. The industry analysts have already predicted that Netflix will reach 112 million users by the end of 2017 and 130 million users by end of 2018.
Netflix has little competition in streaming media. This is despite Amazon investing billion in its own shows dotted with popular stars.
Google has not been left behind. The company has invested a lot on video programming through its arm called YouTube. Facebook is also strategizing to enter into original content arena.
Amazon Stock is currently trading at $1,000 on Wall Street. The biggest media stocks (Viacom, CNN, Time Warner and CBS) are lagging behind those of Facebook, Amazon, Google and Netflix popular called FANG by investors.
How far can Netflix stock grow? Is it possible for the company to reach the $100 billion mark even better get to $200 billion mark? It’s possible. Only time can tell.
