As many companies and businesses are struggling to make ends meet, Netflix is cherishing the recession. When Americans are looking for cheap entertainment to sit and watch on their couch, they do it right from the internet. The Netflix shares have soared 15.5% or $4.67 and closed the day on $34.82. This is a huge milestone for Netflix who has been gaining momentum due to the popularity internet streaming has made in America. Netflix profit from the fourth-quarter was $22.7 million, up from the $15.7 million the previous year. That made the company’s revenue $359.6 million, when the previous year had been $302.4 million. Netflix stated that it added 718,000 customers in the fourth-quarter. By the end of the year it had 9.4 million customers! (Forbes Article) Soon, “Why don’t we Netflix it?”, could become a common expression.
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