Netflix is now worth more than McDonald's and Ford and is already eyeing Disney
Netflix has released its 2017 results and has many reasons to celebrate. The streaming platform has exceeded expectations and now has a higher market value for dinosaurs like McDonnald's ($ 120 billion), General Electric ($ 127 billion) and Ford (about $ 50 billion). Seriously, Netflix's market value is now $ 130.6 billion - very close to Disney ($ 154.7 billion) and Comcast ($ 169.5 billion).
It's cool to remember that the company closed the last quarter (popularly called the quarter in Brazil) of 2017 with over 8 million subscribers - 2 million more than the official plans for the year.
Hastings Fortune
Yeah, boy and who made a lot of money out of the story was Reed Hastings, CEO of Netflix. It seems that he must be smiling for nothing, as his personal fortune hit $ 4.1 billion . With a detail: 47% of this value was achieved only last year.
Who should be smiling for nothing is Reed Hastings, with his $ 4.1 billion fortune.
The percentage of Hastings earnings is higher than that earned by Jeff Bezos and Mark Zuckerberg by the way. And it reflects the good results that the company's roles have been achieving in the market. Last week, for example, the streaming platform's stock hit $ 300, an indicator that made the Wall Street gang happy.
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Netflix is now worth more than McDonald's and Ford and is already eyeing Disney via The Brief
