Netflix's stock began to rise by 16% following the announcement of the company's results in 2020, which increased the market value of the streaming giant by over 30 billion dollars, reaching an all-time high of approximately 255 billion dollars.
After the company reported profits of 542 million dollars for the fourth quarter of last year and achieved better-than-expected sales of 7.1 billion dollars, along with surpassing 200 million subscribers for the first time, the company’s shares began to rise immediately. It is noteworthy that Netflix is an American entertainment company that produces films and television programs and distributes videos online.
