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Netflix stock hit a record high on the news that it might enter China

JILLIAN D'ONFROMay 16, 2015, 00:26 IST

Netflix stock reached a record high Friday afternoon.

It hit ~$617.75 after shooting up more than 5% on the news that it might be in talks to enter China's online video market, which Bloomberg reported early this morning. The company is now worth more than $37 billion.

All told, Netflix is up 78% in the last 12 months.

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