The video streaming service leaped 53 spots to No. 261 on this year’s Fortune 500 as revenue ballooned 32.4%, profits soared, and its market cap topped $100 billion for the first time. In its 21st year in business, Netflix had its best-ever quarter in terms of new subscribers when it added 8.33 million in Q4 for a total of 24 million new memberships for the year. That growth is being driven, in part, by hit original series like The Crown, Black Mirror, and Stranger Thing, which have cemented Netflix’s dominance in the video content space.
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This is your Data Sheet newsletter for Wednesday, April 17, 2019.
Investors were already concerned about the launch of new competing services from Disney, AT&T, and Comcast.
Facebook nominated PayPal executive Peggy Alford to the board. She is the former head of the Chan Zuckerberg Initiative.