9 Things Nobody Knows About Netflix

  • A long time ago, Netflix didn’t even believe in Netflix. Reed Hastings went to Blockbuster executives in 2000 to offer up Netflix in exchange for $50 million. Blockbuster turned them down. Netflix’s value today? $150–200 billion.
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Netflix hitting a high of $40–50 a share before collapsing to $7
  • It didn’t look so good then. Looking at it today gives you a different perspective:
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Netflix hitting an all-time high between $350–400 a share
  • In 2011, Netflix had about 30 million subscribers. Today, they have around 160 million. However, their company’s worth is substantially higher. Why? Original programming, selling consumer data, expansion of Netflix subscribers in other countries. While their subscribers have multiplied by about 5, their valuation since 2011 has multiplied by about 60. Their valuation since IPO has multiplied by about 770.
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Netflix Subscriber count, courtesy of Statista
  • Cable television subscribers continue to die as streaming companies such as Netflix continue to grow.
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Traditional Cable Subscriber Count
  • If you purchased Netflix at its IPO in 1999, your investment would be 770 times larger today. A mere $1,000 would be nearly a million dollars today.

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UC Berkeley, mathematics. Los Angeles. Long-time runner. Top writer on Quora, 100M+ total content views. New to Medium. Inquiries: Moumj@berkeley.edu

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