Netflix now worth $70B

Posted online May 31, 2017 | 11:16 am

Netflix's stock has climbed 30 percent this year, valuing the company at more than $70 billion.

The increased valuation follows the company crossing the 100 million-subscriber mark in April.

Analysts expect Netflix to have 112 million subscribers by year's end and 130 million by the end of 2018.

Read more from CNNMoney.

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