If You Invested $1,000 In Netflix Stock When Company Announced Streaming Launch, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) has announced the end of its DVD-by-mail service, a business model that has been in place for 25 years. The company, which has 238.39 million global paid streaming subscribers, will now focus solely on its streaming services. An investment of $1,000 in Netflix shares when the company announced its streaming launch would now be worth $107,838.43, a hypothetical return of 10,683.8% over the last 16+ years.
September 29, 2023 | 1:13 pm
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NEUTRAL IMPACT
Netflix's decision to end its DVD-by-mail service and focus on streaming could potentially impact its stock price. The company's shares have seen a significant increase since the launch of its streaming services.
The end of the DVD-by-mail service marks a significant shift in Netflix's business model, which could potentially impact investor sentiment and the company's stock price. However, the company's shares have seen a significant increase since the launch of its streaming services, indicating that this shift may be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) has seen a hypothetical return of 198.7% over the last 16+ years, significantly lower than the return on Netflix shares over the same period.
The comparison of the return on the SPDR S&P 500 ETF to the return on Netflix shares over the last 16+ years provides a benchmark for the performance of Netflix's stock. While the ETF has seen a significant return, it is considerably lower than the return on Netflix shares.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50