On Wednesday, Netflix announced that it had surpassed 20 million subscribers, making it the second-largest subscriber-based media business in the US, jumping ahead of DirecTV and Sirius-XM Radio.
Netflix also announced plans to expand again after last year’s successful expansion into Canada, but no details have emerged yet on which area they will focus on next.
After the stock market opened Thursday, Netflix shares hit a 52-week high of $211.30, and is still trading above $207 as of 11am ET.
I smell a stock-split coming soon.