, Columnist
Bingeing on Netflix Stock Can Give You Indigestion
The streaming king is worth more than Cisco or Exxon Mobil. Considering the competition it faces, does that make sense?
Had enough yet?
Photographer: Jaap Arriens/NurPhoto/Getty Images
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Like everyone else, I’m spending a lot of time with Netflix. That’s not only because I find myself binge-watching television. It’s also because I find little alternative but to keep writing about the market phenomenon that is Netflix Inc.
Wednesday brought yet another landmark in corporate history. With Netflix rising to a new all-time high while the market had its worst day in three weeks, the streaming king is now valued at more than Cisco Systems Inc. and even Exxon Mobil Corp.: