Netflix takes top spot of S&P 500's stars

Boston Globe

- ‎37 minutes ago‎

Netflix was never a house of cards, though a consumer rebellion over subscription plans in mid-2011 rattled the rafters - and hammered the stock.

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Netflix takes top spot of S&P 500’s stars

    January 01, 2014

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Netflix Inc.

Netflix profits have surged as the video and CD service wins millions more customers.

Netflix was never a house of cards, though a consumer rebellion over subscription plans in mid-2011 rattled the rafters — and hammered the stock. That was before “House of Cards.” The blockbuster series and other Netflix-produced shows like “Orange is the New Black” (right) buttressed Netflix’s status as an Internet and entertainment heavyweight. The stock soared 296 percent in 2013, the S&P 500’s biggest gain. CEO Reed Hastings gets a 50 percent hike in pay and stock options, to $6 million.
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