Netflix (NFLX) Stock Gaining 2.65% As It Appoints Its First Videogame Executive

Netflix decided to shift its strategy and it is hiring its first videogame administrator. Following the news, the price soars and is fixed at $547.95 with a 1.34% change. The stock gained $7.27 since the market opened at $541.01. The after-hours market value surged by 2.65%. This is a $14.53 surplus since the enclosed market’s value. The company is slightly volatile with no dramatic ups and downs and beats core of 0.74.

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The company has been on the rise since the end of 2019 as pandemic locked everyone in the houses. On Wednesday, Netflix announced that it hired a former executive of Electronic Arts and Oculus – Mike Verdu. He is a former vice president of EA that is famous for games such as “The Sims” and “Plants vs. Zombies”.

The news that he was established as vice president indicates the new strategy of Netflix. The company is aiming to win over the gaming industry.  It is said to add videogame streaming services in few years. The company assured that it will launch games along with current TV programs. Most importantly, Netflix is not planning to charge more for the videogame service.

Paul Meyer

Part-Time Reporter.Paul could do better in his engineering profession where he became a real pro. However, he chose the finance field to find a tranquil environment in his career. Today he creates a good number of great content for our team.