I can almost hear Reed Hastings popping bottles of champaign from here.
Today Netflix expanded to 130 new countries, up from 60 total countries yesterday. That makes Netflix a nearly global service, with one big exception: China.
CEO Hastings announced the news on stage at CES, the insane annual consumer electronics conference in Las Vegas. Almost instantly, Netflix’s stock popped by six percent. It closed out the day at $10.02, up by 9.31 percent from yesterday.
For now, investors seem happy with Netflix, despite recent concerns over the company’s expansive content budget and increasingly competent competitors.
