Netflix Is Now Worth More Than Comcast
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Netflix Inc. overtook cable giant Comcast Corp. in market value on Wednesday, highlighting the dramatic rise of video streaming at the expense of traditional television.
Netflix, the best-performing stock in the S&P 500 Index this year, set a fresh record with a gain of 3.4 percent on Wednesday, while Comcast fell 1.8 percent. That pushed Netflix’s market value to about $149 billion, surpassing Comcast at $147 billion.