Meanwhile, their average price target of 459.83 gives NFLX stock implied upside of only. In the wake of the coronavirus pandemic, Netflix users surpassed a record 200 million globally. Netflix stock is down nearly 40 from its record closing high. In 2017, Netflix subscriber numbers reached a staggering 100 million globally after expanding its international collection with popular series. The platform also unveiled its ‘Download’ feature, allowing members to download TV shows and movies for offline viewing. In 2016, Netflix expanded to another 130 countries globally, bringing its reach to a total of 190 countries with 21 languages. This was a huge shift in the company’s business model while forming the blueprint for competitors that emerged later. In 2007, Netflix introduced a streaming service called “Watch Now,” allowing members to watch television shows and movies instantly. ![]() The streaming service derives revenues from monthly membership fees for services consisting of streaming content to its members. It also provides DVDs-by-mail membership services. Netflix was one of the first streaming services to start offering original content. ![]() Users receive streaming content through several internet-connected devices through the company, including TVs, digital video players, television set-top boxes, and mobile devices. Netflix trades on the Nasdaq exchange under the ticker of NFLX after going public on May 23, 2002. The company was founded on August 29, 1997, in California by Marc Randolph and Reed Hastings. (NASDAQ: NFLX) is an American entertainment streaming company that offers TV series, documentaries, and feature films in various genres and languages.
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