Netflix Skyrockets To All Time High On News Of Latin American Expansion


Photo: All Things D

Netflix’s announced plans to expand its services into Latin America and the Caribbean later this year.Right now, the company only offers services in the U.S. and Canada. The company has been saying for a while now that it was planning more international expansion after seeing success in Canada.

Like in Canada, the Latin American expansion will be for streaming only.

No pricing details were released.

In reaction to the news Netflix stock is spiking, up 5% to ~$282 (an all time high) as of this writing.

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