Could Netflix Stock Help You Become a Millionaire?
Netflix (NASDAQ: NFLX) has been one of the best performing stocks this century. Shares have skyrocketed 59,900% in the past two decades (as of April 3). Early investors who held on through the ups and downs have been richly rewarded, with some likely accumulating massive amounts of wealth.This streaming stock currently trades 12% off its peak. And the company carries a market capitalization of $390 billion. But if you bought Netflix today, could you become a millionaire?Netflix deserves credit for completely disrupting the media industry. The management team was convinced in the early days that the internet was going to fundamentally change how people consumed video entertainment. By letting viewers select from a huge catalog of shows and movies, with the ability to watch whenever they wanted, Netflix provided a superior experience compared to traditional cable TV.Continue reading
Netflix (NASDAQ: NFLX) has been one of the best performing stocks this century. Shares have skyrocketed 59,900% in the past two decades (as of April 3). Early investors who held on through the ups and downs have been richly rewarded, with some likely accumulating massive amounts of wealth.
This streaming stock currently trades 12% off its peak. And the company carries a market capitalization of $390 billion. But if you bought Netflix today, could you become a millionaire?
Netflix deserves credit for completely disrupting the media industry. The management team was convinced in the early days that the internet was going to fundamentally change how people consumed video entertainment. By letting viewers select from a huge catalog of shows and movies, with the ability to watch whenever they wanted, Netflix provided a superior experience compared to traditional cable TV.
