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Netflix's value surpasses Disney

Posted at 7:32 PM, Apr 16, 2020
and last updated 2020-04-16 22:32:00-04

BAKERSFIELD, Calif. — Netflix is currently worth more money than Disney. The site that has brought viewers Tiger King and comedy specials during the coronavirus has made a monumental leap.

The streaming site’s stock climbed 5% by midday on Thursday. It closed at a record price of nearly $427 per share on Wednesday. The company that took down Blockbuster Video is now worth $194 billion.

Disney is valued below $184 billion, down from nearly $258 billion at the end of 2019.