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Netflix (NFLX +8.5%) extends Tuesday's rally as bulls go long and bears cover following positive...

Netflix (NFLX +8.5%) extends Tuesday's rally as bulls go long and bears cover following positive sell-side commentary, and a Facebook post from Reed Hastings claiming Netflix's monthly viewing topped 1B hours in June. BTIG's Richard Greenfield estimates this translates into 80 minutes of viewing per subscriber, a level that puts Netflix on par with leading cable networks.
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Comments (1)
  • Clayton Rulli
    , contributor
    Comments (2899) | Send Message
     
    So each customer watched 1 movie in June. BIG DEAAALLLL
    5 Jul 2012, 08:41 PM Reply Like
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