Netflix Inc
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Communication Services : Entertainment | Large Cap Growth
Company profile

Netflix, Inc. is a provider of subscription streaming entertainment service. The Company has paid streaming memberships in over 190 countries and it allows members to watch a variety of television (TV) series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any Internet-connected screen. Members can play, pause and resume watching, without commercials. It offers a variety of streaming membership plans, the price of which varies by country and the features of the plan. Pricing on its plans ranges from $3 to $23 per month. Members can watch content from Netflix through any Internet-connected device that offers the Netflix application, including smart TVs, game consoles, streaming media players, set-top boxes, smartphones and tablets. The Company acquires, licenses and produces content, including original programing.

Closing Price
$525.42
Day's Change
-5.30 (-1.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
533.78
Day's Low
522.26
Volume
(Heavy Day)
Volume:
10,047,175

10-day average volume:
6,458,213
10,047,175

Online spending since March 1 was $77 billion higher than expected: Adobe

9:07 am ET July 13, 2020 (MarketWatch)
Print

Online data from Adobe Inc. (ADBE) shows e-commerce spending was $77 billion higher than expected for the period starting March 1, coinciding with the shift to online during coronavirus-related lockdowns. Online spending, which was trending higher than during the holiday shopping period between November and December, totaled $368.8 billion for the first six months of 2020. The latest data also shows a rise in prices for food, clothing and electronics. Online grocery pricing has climbed 4.2% over the past six months. Online apparel pricing was up 2.7% month-over-month, and rose 4.3% year-over-year in June. And prices for computers are up 6.2% since March as the number of people working and educating from home has risen. Inflation has driven digital purchasing power (DPP) into negative territory for the first time ever, "which means consumers can now purchase goods online for $1.01 that would have cost $1.00 in June 2019," Adobe said. The SPDR S&P Retail ETF (XRT) is down 4.2% for the year to date while the S&P 500 index has fallen 1.4% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 13, 2020 09:07 ET (13:07 GMT)

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