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Netflix’s Stock Now Higher Due To Lock-Down

As the coronavirus pandemic has kept people indoors due to the lockdown, so many people started relying on Netflix streaming to reduce the stress and depression caused by the pandemic.

Due to this Netflix which depends on steaming membership for revenues has reportedly gotten more strength and has hit its two year high record in the market while other media companies worry about their loss in advertising and shut movie theaters.

Like the rest of the entertainment industry, Netflix had reportedly had to halt production. It is now spending less on content while they are getting more subscribers, which is freeing up cash flow and making the company more profitable.

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