Netflix to double investment in France
U.S. video streaming company Netflix Inc plans to double its investment in France and produce 14 local shows, twice as many as first planned, Chief Executive Officer Reed Hastings said on Friday.
Streaming service Netflix on Monday witnessed its terrible stock drop in last 2 years. The company’s shares dropped 6.5%, lost $12 billion from its market capitalization. Netflix Shares, which has a market value of $167 billion, are up more than