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Check This Out: What Do Netflix and Berkshire Hathaway Have in Common?

Nov 30, 2010  •  Post A Comment

Shares of  Netflix hit a record $200 on Monday, Nov. 29, 2010, giving the online-video and DVD rental service entry into an exclusive club of companies with expensive shares and high market value,reports Bloomberg News.

Netflix is now one of 16 companies, ranging from Berkshire Hathaway Inc. to Google Inc., with a market value of more than $1 billion and whose shares trade at $200 or more, the story says.

Shares of Netflix have tripled in value this year as it’s ramped up its online-streaming service and introduced its first Internet-only subscription in the U.S. for $7.99 a month.

The share jump gives the company a market value of more than $10.4 billion, meaning that investors place a higher valuation on the company than Cablevision, valued at $9.43 billion, or Dish Network, valued at $8.18 billion, the article notes.

5 Comments

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