Thinking of Buying Netflix Stock? Here's What You Need to Know First
Investors looking for returns that beat the broad market average should consider buying shares of businesses in rapidly growing industries. One such area is streaming entertainment, where an array of competitors have expanded their audiences rapidly by offering more convenience and better value than traditional cable TV.
Netflix (NASDAQ: NFLX), the pioneer in the space, has grown from 75 million subscribers just five years ago to over 200 million as of the end of 2020. The stock has climbed by a similarly impressive 350% over roughly the same period.
If you're wondering whether or not to buy shares of Netflix now, there are some important things you need to know.
Source Fool.com
