Netflix defies gravity

The online-video giant’s strategy of splurging on new programmes is paying off – for now, at least. Alice Gråhns reports. 

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La Casa de Papel is Netflix's top non-English hit

Most of the FAANG stocks Alphabet, Amazon and Facebook "have lost their bite" recently, says Lex in the Financial Times. But "Netflix has evaded the slump". The stock has jumped by almost 40% since January. Back then, the streaming-service giant reported fourth-quarter results that included a record-breaking 8.3 million new subscribers.

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Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.