Every week we provide insights into popular assets and hot questions, so you can easily learn more about the investment market in bite-sized pieces.
This week, we turn our attention to Netflix—one of the most popular CFDs on the Change App and perhaps your go-to for a relaxing evening. But how much do you really know about Netflix?
What is Netflix?
Netflix is an American subscription-based video-on-demand streaming service that offers a wide range of original and licensed films, TV shows, and documentaries across various genres. Available internationally in multiple languages, it has become a global leader in the entertainment industry.
A Brief History of Netflix
Founded on August 29, 1997, by Reed Hastings and Marc Randolph, Netflix started as a DVD rental service by mail. Headquartered in Los Gatos, California, the company quickly evolved with the times, launching its internet streaming service in 2007. Netflix went public on May 23, 2002, surviving the dot-com bubble and eventually becoming a part of the renowned FANG group (Facebook, Amazon, Netflix, and Google), which represents some of the most traded stocks globally.
Global Expansion
In 2007, Netflix introduced streaming, allowing members to watch their favorite shows and movies on their computers. By 2010, streaming expanded to smartphones and other internet-connected devices. Netflix's international expansion began in 2012, launching in Ireland and the UK, followed by the Netherlands and Belgium in 2013. By 2020, Netflix boasted 183 million subscribers across 190 countries, generating revenue through subscriptions and advertising.
Netflix on Change
You can trade Netflix CFDs on the Change App, with a leverage of 5x, available from Monday to Friday. Explore Netflix and over 350 other margin instruments to diversify your trading portfolio.
Wishing you a successful trading week with Netflix and beyond!
