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It wasnt long before the streaming services, especially Netflix, became popular.
Looking back now, it seems quite profitable toinvestin these companies.
But how have theseinvestmentsstood since then?
Netflix (NFLX)
In 2020, Netflix was considered a market leader in streaming services.
If you had invested $1,000 in Netflix stock in January 2020, the journey would have been volatile.
The stock started at $340 and traded at around $749.12 as of the end of October 2024.
This translates into approximately a 120% increase.
Notably, your Netflix investment would have dropped to 46.3% in June 2022 before rebounding.
At the start of 2020, Disney shares were around $96.60.
As of late October, Disneys stock was about $96.20, marking a slight decline of 0.4%.
In early 2020, Paramount stock was priced at $34.13.
Stock prices reflect October 28, 2024 prices.
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