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.
