"As a business, Netflix is gaining momentum and blowing through the stock market’s expectations. It has a market value of $26 billion, a share price that has more than doubled in the last year, and it now has 33.4 million subscribers in the United States, five million more than HBO has domestically. Early this month, Netflix borrowed $400 million to finance an aggressive expansion in Europe. “House of Cards” was one of the big stories in television last year, and its highly anticipated second season was released with much fanfare on Friday."
Great example of how competition is good for the consumer!
