As growth at Netflix cooled last year, the Silicon Valley-based streaming company focused on creating a lower priced subscription tier with advertising. Netflix in April said that its total number of subscribers hit a record high 232.5 million.
Netflix soars to 230 mn subscribers, co-founder steps down
Netflix became a publicly traded company in early 2002 at an opening price of $15 a share. Shares in the streaming television service were up nearly 7 percent to $337.31 in after-market trades that followed release of the earnings figures. The Netflix board has been discussing succession planning for many...
