Variety is reporting that streaming giant Netflix is worth more than Disney after Netflix’s shares hit an all-time high on Wednesday.
In contrast, Cowen & Co. estimates overall 7.1 million net new Netflix paid subscribers for the first three months of 2020.
Netflix’s previous all-time high closing stock price was $418.97 on July 9, 2018.
Amazon’s shares also closed at an all-time high on Tuesday, setting a new record Wednesday after climbing up 1.1%.
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