Netflix Inc. Balloons

Netflix share price ballooned by almost 42 percent in a month that much of the U.S. has been under lockdown orders and, apparently, indulging in a lot more screen time.

The company’s market cap as of Friday is $185.6 billion, more than some blue chip stocks like Exxon Mobil Corp., which is worth $182.84 billion. Exxon shares have lost almost half their value in the last 12 months and in February dropped below $60 per share for the first time in years.

IBM Corp. has lost 23 percent of its value since early February and as of Friday has a market cap of $106.72 billion — more than $76 billion smaller than Netflix.

Read the rest at Silicon Valley Business Journal

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Netflix share price ballooned by almost 42 percent in a month that much of the U.S. has been under lockdown orders and, apparently, indulging in a lot more screen time.