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Netflix stock hits all-time high on price hike

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Shares of Netflix hit a record high of $194.39 per share yesterday, on the heels of the streaming-video service announcing a $1 to $2 monthly price increase on its two top subscription plans.

The price hikes will collect an additional $350 million in revenue in 2018, according to Variety.

The stock increase gave the company a new market capitalization of $83.9 billion.

Read more from Variety

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