Why Is Everyone Talking About Netflix Stock?
Netflix (NASDAQ: NFLX) said that the latest season of Stranger Things surpassed a significant milestone, attracting more than 1.1 billion hours of viewership.
It's yet more evidence of Netflix's capability to develop programming that consumers desire. This comes as the company grapples with losing subscribers amid rising competition and decreasing consumer demand for in-home entertainment.
Interestingly, Stranger Things became only the second Netflix show to surpass 1 billion viewing hours. The other, Squid Game, was a popular Korean-language thriller that generated widespread word of mouth. Viewership figures like this are a good sign for Netflix's subscriber retention. As long as it keeps producing hits like these, folks will be willing to pay the monthly subscription fee for the service. Indeed, the show was so popular that it briefly crashed the Netflix app as viewers flocked to watch.
Source Fool.com
