|Netflix (stock symbol: NFLX) completed its initial public offering on May 23, 2002, when it raised gross proceeds of $75 million through the sale of 5,000,000 shares of common stock at $15.00 per share. The company has initially tried to go public in April 2000, but had to withdraw its registration statement when the IPO market soured. The shares have since been split two times: 2 for 1 on February 12, 2004, and 7 for 1 on July 15, 2015 The split-adjusted price of the IPO shares is $1.07.|
Netflix disrupted the content distribution business by launching an online entertainment subscription site, allowing users to rent three DVDs a month for a monthly subscription charge of $ 19.95. It subsequently upended its original business model and has become the dominant company streaming content over the Internet. An increasing amount of this content is internally created by Netflix.
This board has been created for the purpose of discussing Netflix's stock price, financial prospects and actual results, the merits of its business model, the Netflix experience and the entertainment content creation and distribution business in general. Also, the competing streaming services that have been rolled out in recent years, which include HBO Max, Hulu, Disney and Amazon Prime. It is neither a Bulls nor a Bears board and all opinions are welcome.
The board is moderated and my expectation is that everyone will be civil to one another. Pretend that your mother is reading the board and that she knows your virtual handle. No name calling and please avoid engaging in political commentary unless it has a specific bearing on Netflix.
The board was originally created by RockyBalboa (a/k/a Infostream,com) on May 23, 2002.
JustWatch (a streaming service search engine): justwatch.com h/t J.F. Sebastian
SEC filings: sec.gov
Netflix's Investor Relations page: ir.netflix.com