2007 was a vintage year for technology. While there has been plenty of coverage of the iPhone\u2019s 10th anniversary, the same year also saw Netflix, best known then for renting DVDs by post, launch another novel product: online movie streaming. At the time, some Netflix investors fretted about the expected $40m cost of launching its streaming service during its first year.<\/p>\n
A decade later, Netflix\u2019s share price performance has far exceeded even Apple\u2019s 700 per cent increase since 2007, with the internet TV group\u2019s stock skyrocketing by more than 6,000 per cent in the same period. This week added another 15 per cent to those gains, after second-quarter results showed its total subscribers had reached 104m, shooting through Wall Street forecasts.<\/p>\n
Netflix described the symbolic milestone of exceeding 100m members as \u201ca good start\u201d.\u00a0<\/p>\n
\u201cWe connect people with stories,\u201d its recently redrawn mission statement says. \u201cSomeday, we hope to entertain everyone.\u201d<\/p>\n
Read it all<\/a>.<\/p>\n The fast-growing library on Netflix https:\/\/t.co\/PUc5sLSKZq<\/a> pic.twitter.com\/IGYus1qIL3<\/a><\/p>\n — Financial Times (@FT) July 20, 2017<\/a><\/p><\/blockquote>\n\n