Quarantine fires number of Netflix subscribers

Quarantine fires number of Netflix subscribers

The coronavirus pandemic is impacting the economy in different ways, but Netflix is ​​part of the group of companies that have little reason to complain. The company's latest account report for the first quarter of the year indicates that the number of subscribers to the technology's streaming service has increased exponentially in the past three months. In all, 16 million new users have joined the platform – 9 million over the estimated number for this period.

As far as visualizations are concerned, Netflix has benefited from a recent success called Tiger King. Casa de Papel brought together 65 million views worldwide and the new film Spenser Confidential was responsible for 85 million.

The American giant also guarantees that the measures taken to not clog the internet were successful, even at times when traffic reached peaks. Netflix also adds that it is in talks with the operators to ensure that the limitations imposed are removed at the best time and in a way that does not affect the operation of the internet.

The numbers of Netflix triggered the stock market investment in the platform and, consequently, the valuation of the company. This week, shares of technology reached the highest value ever, with a price of 447.74 dollars per share being charged, which allowed Netflix to surpass Disney's market value.