Netflix Rumored To Split Shares After Skyrocketing Success
Netflix has been on a roll lately, and it's rumored that the company will split shares, though many details about that split are uncertain.By Cliff Judy, Katie Link | June 10, 2015
Numbers don't lie. And these numbers are no exception. Following a big shareholder vote, Netflix's stock hit an all-time high Tuesday of $651.75 per share in after-hours trading and even jumped above $690 at some points.
That sent the company's value to more than $38 billion. That's more than CBS, Viacom, Twitter, Dish Network or Sony. So what does the powerhouse streaming site do next? A share split seems to be the answer.
Following the Monday announcement of Netflix's acquisition of Brad Pitt's new movie "War Machine" and its plans to expand to southern Europe, shareholders voted to approve a share split for the company. (Video via Netflix)