Why Netflix Slipped Into a Bear Market (video)

Why Netflix Slipped Into a Bear Market (video above) - Bloomberg Intelligence's Paul Sweeney reports on the performance of Netflix stock. He speaks on "Market Makers" Sep 4, 2015.

website: netflix.com

check stock price: NFLX

"In 2000, Netflix was offered for acquisition to Blockbuster for $50 million; however, Blockbuster declined the offer. Netflix initiated an initial public offering (IPO) on May 29, 2002, selling 5.5 million shares of common stock at the price of US$15.00 per share. On June 14, 2002, the company sold an additional 825,000 shares of common stock at the same price. After incurring substantial losses during its first few years, Netflix posted its first profit during fiscal year 2003, earning US$6.5 million profit on revenues of US$272 million." source: Wikipedia

more news below

Follow @vcexp