Netflix’s Stock Surpasses Disney’s Due To COVID-19 Pandemic
Damn.
Entertainment
April 17, 2020

Image via Netflix //

Netflix must be happy…

It’s no secret that the Coronavirus has brought devastation to economies all across the world, forcing closures of businesses in an attempt to stop the spread of the virus. Although this has left countless businesses in the lurch, there are a select few that are thriving under the new way of life, and no surprises here, but Netflix is one of them.

According to Forbes, Netflix is doing extremely well in the new world, with it’s stock hitting a record high of approximately $427 USD per share, marking a 5% increase. Netflix is now worth $194 billion USD, jumping up by $50 billion USD in 2020 alone. Thats great news for Netflix, but not so great for direct competitor Disney, who is currently valued at $184 billion USD after dropping down from $258 billion USD at the end of 2019.

The current crisis has led Netflix to implement a delay on all productions, but it has so many shows and films backlogged that it looks like it won’t be running out of content any time soon. So don’t worry, Netflix is gonna be able to get you through the next several months and then some with its countless titles…

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