Why Is Everyone Talking About Netflix Stock?
In what has been a rollercoaster ride of a year, filled with a global health crisis and economic and social turmoil, few companies have benefited as much as Netflix (NASDAQ: NFLX). The streaming media giant's stock is up 65% in 2020, and the company is currently worth $236 billion, with nearly 200 million subscribers.
It seems as though the streaming wars are always garnering attention, which is not surprising, given the growing number of services consumers can choose from and the implications for investors. Traditional media and entertainment behemoths are putting up a fight as they begin focusing intensely on streaming. Netflix is still the leader, but it now has to worry about peers vying for a piece of the growing pie.
Source Fool.com
