Netflix’s stock market value ballooned to a record US$153bn last week, eclipsing Walt Disney Co for the first time and making it the world’s most valuable entertainment company.
Lifted by a blitz of original programmes and 125m global subscribers, some of whom have given up cable television packages, Netflix’s stock has surged 80% in 2018, more than that of any other company in the S&P 500. Its shares have risen nearly 33,000% since its 2002 initial public offering.
Netflix’s stock was up 2.3% to $352.90 last Thursday, in line with the median price target of analysts covering the company, according to Thomson Reuters data.
Deutsche Bank erroneously transferred €21bn to Macquarie in 2014, a spokesperson said on Thursday — the latest such error to come to light.
The transfer was a human error and not related to faulty technology, said a person familiar with the matter. It was corrected within hours and didn’t result in financial damages. In March, the bank transferred €28bn instead of ¥28bn to its account at derivative exchange Eurex.