The S&P 500 rose by just over 200% in that time, but shares of Netflix (NASDAQ: NFLX) soared higher by more than 6,000%, making it one of the biggest winners of the decadelong rally. The streaming-video giant now faces the prospect of operating through what could be a bumpy recovery or even a global recession in late 2020 and into 2021. Netflix sells a home entertainment service, putting it in the consumer discretionary niche that (in contrast to staples like groceries and cleaning supplies) often sees revenue slumps during recessions.
As the world grapples with the COVID-19 pandemic, a Canadian ESG firm has created high-tech solution to help track and trace the outbreak to keep people safe
Britons spent 40% of their waking day watching TV and online video at the height of the COVID-19 lockdown in April, including spending twice as long watching streaming services like Netflix, Disney+ and Amazon Prime Video, regulator Ofcom said. Adults, who were advised by the government in late March to stay at home, spent on average six hours and 25 minutes a day watching news and entertainment, Ofcom said, a rise of almost a third on the same month a year ago. Prime Minister Boris Johnson's announcement on May 10 that lockdown measures would be eased was the most watched programme of the year so far, with 18.7 million viewers, while the imposition of lockdown on March 23 was second with 14.6 million.