Trade wars? Higher interest rates? It doesn’t matter to Netflix.
In a week that saw volatility spike and the Dow Jones Industrial Average shed 1,100 points over three days, Netflix continued to rally despite the lack of any big news.
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Read more:
Netflix documentary series Rotten exposes fraud and corruption in today’s global food industry
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The shares quietly rose more than 5 per cent on the week, closing at yet another record.
Netflix has now added more than $47 billion in market value this year on the way to an S&P 500-leading gain of 57 per cent. That’s more than the market capitalisations of CBS Corporation and Viacom combined.
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Initial investment: Undisclosed
Investment stage: Series A
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Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
