Netflix Overtakes ExxonMobil In Stock Value
April 18, 2020
6:48 am
Netflix, the online movie streaming giant is now more valuable than ExxonMobil, the American oil giant.
Netflix soared above the oil company because of the coronavirus pandemic, which has sent its share value to new highs.
According to Business Insider, Netflix stock gained 3% on Thursday to roughly $439 per share, bringing its market capitalisation to about $183 billion at market close.
Read Also: Netflix Commits $100m To Help Out Of Work Actors, Crews
In contrast ExxonMobil fell more than 3% to $39.15 per share, bringing its market value to about $175 billion at the end of the trading day.…
