The numbers have been released and Netflix nearly doubled the amount of new subscribers they were anticipating. Netflix added nearly 16 million paid subscribers in the first quarter compared to the 9 million they added this time last year. The stock closed in at a record high on Monday of $437.49 per share. Despite all the new streaming services that have been released this past year like Disney plus, peacock, and the upcoming release of HBO max, Netflix has been able secure its foothold in the land of streaming thanks to the optimal releasing of exclusive programs like tiger king, Ozarks, and money heist. Luckily for the subscribers Netflix also said they have over 200 projects in postproduction that are getting worked on by employees remotely at their houses. The second quarters is expected to unveil another flood of content to its platform.
Article: https://www.marketwatch.com/story/netflix-adds-more-than-15-million-new-subscribers-stock-rockets-higher-2020-04-21 Image: https://www.binged.com/news/netflix-stock-price-hits-all-time-high-as-more-people-than-ever-flock-to-netflix-amidst-coronavirus-quarantine/