In the past two decades, the S&P 500 (SNPINDEX: ^GSPC) has generated a total return of 661%. That annualized gain of about 10.7% means that a $10,000 cash outlay would be worth $76,110 right now. This is a result that any investor would be pleased with.
But there’s one monster stock that turned a $10,000 initial investment 20 years ago into nearly $5.6 million today. Here’s what investors need to know about this dominant industry-leading enterprise.
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Without a doubt, Netflix (NASDAQ: NFLX) is one of the best-performing stocks in the past two decades. It’s crazy to think that in 20 years, a single stock could turn early investors into multimillionaires. Investors would certainly struggle to find many businesses that have outperformed this one in recent memory.
The company first launched its streaming service in the U.S. in 2007. The management team was convinced that the internet was going to fundamentally change how consumers watched video entertainment. Netflix achieved huge success early on because it was cheaper and more convenient than traditional cable TV packages. Furthermore, it had very limited direct competition for many years, as it was a disruptive and innovative pioneer.
This resulted in tremendous growth. Between 2010 and 2020, revenue surged over 1,000%, and the subscriber base expanded tenfold. Netflix’s notable success spurred an acceleration of the cord-cutting trend, as competing offerings from other media companies entered the market and gave consumers even greater choice.
According to eMarketer, less than 50% of households in the U.S. still have their cable subscription today. But that penetration rate continues declining with each passing year, partly to the benefit of a business like Netflix.
Netflix is no longer the scrappy upstart it was two decades ago. This company has now become a global media powerhouse with a presence in more than 190 countries. As of Sept. 30, it counts a whopping 283 million customers, a figure that continues increasing each quarter. And the business is now bringing in almost $40 billion in annual run-rate revenue.
One of the most obvious changes to Netflix’s operations, and perhaps something the critics never thought would happen, is that the business is extremely profitable today. The leadership team expects to report a stellar 27% operating margin this year. What’s more, free cash flow (FCF) is projected to total $6 billion to $6.5 billion this year.
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Mission artist animates green utility boxes with a flock of birds
Read Mission Local often?Help grow our newsroom during end-of-year fundraising, joining the hundreds of San Franciscans who support us by donating below. Chestnut-backed chickadees, yellow warblers and other feathered birds have landed this winter on the unassuming green utility boxes along South Van Ness Avenue and Bryant Street in the Mission.The 20 feathered friends are the creation of Claudio Talavera-Ballón, a Mission-based Peruvian painter sponsored by the nonprofit Paint the Void sponsored to paint 10 Mission utility boxes, part of a project to remake 250 utility boxes across San Francisco.It’s an effort to color the utility boxes that store infrastructure for nearby traffic lights across the city. Elsewhere, dozens of artists have covered the “municipal green” boxes with pandas, a girl on the swing, and a naughty astronaut. Talavera-Ballón’s flock, all Bay Area species, can be seen at almost every intersection […]
Undersea power cable linking Finland and Estonia hit by outage, prompting investigation
FRANKFURT, Germany (AP) — A power cable linking Finland and Estonia under the Baltic Sea suffered an outage, prompting an investigation, Finnish Prime Minister Petteri Orpo said Wednesday.Writing on X, Orpo said that power transmission through the Estlink-2 cable stopped Wednesday and that authorities were “investigating the matter.” He said the interruption would not affect electricity supplies in Finland.Estonian network operator Elering said there was enough spare capacity to meet power needs on the Estonian side, public broadcaster ERR said on its website.Trusted news and daily delights, right in your inboxSee for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories.Authorities have been on edge about undersea infrastructure in the Baltic. Two data cables, one running between Finland and Germany, the other between Lithuania and Sweden, were severed in November.Germany's defense minister said officials […]
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Santa has arrived!!! Source: missionlocal.org
The ‘Godfather of EVs’ explains why China is winning the race to go electric — and why hybrids are a ‘fool’s errand’
Former Nissan and Aston Martin executive Andy Palmer is known as the "godfather of EVs" thanks to his work on the Nissan Leaf.Courtesy of Andy Palmer Andy Palmer, the "Godfather of EVs," explains how China took the lead in the electric car race. Ex-Nissan COO Palmer got the moniker after developing the Leaf, the world's first mass-market EV. He says Chinese EVs offer "remarkable" value for money and have better battery tech than their Western rivals. The man often known as the "Godfather of EVs" has a warning for automakers thinking of ditching electric vehicles for hybrids. Former Aston Martin CEO and Nissan exec Andy Palmer told Business Insider that delaying transitioning to EVs in favor of selling hybrids was a "fool's errand" and warned automakers doing so risk falling even further behind Chinese EV companies. Palmer's moniker comes from his […]
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Scientists Destroy 99% of Cancer Cells in Lab Using Vibrating Molecules
Scientists have discovered a remarkable way to destroy cancer cells. A study published last year found stimulating aminocyanine molecules with near-infrared light caused them to vibrate in sync, enough to break apart the membranes of cancer cells.Aminocyanine molecules are already used in bioimaging as synthetic dyes. Commonly used in low doses to detect cancer, they stay stable in water and are very good at attaching themselves to the outside of cells.The research team from Rice University, Texas A&M University, and the University of Texas, said their approach is a marked improvement over another kind of cancer-killing molecular machine previously developed, called Feringa-type motors, which could also break the structures of problematic cells."It is a whole new generation of molecular machines that we call molecular jackhammers," said chemist James Tour from Rice University, when the results were published in December 2023."They […]
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Israeli army forces patients out of a north Gaza hospital, medics say
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Part of Santa Cruz Pier Collapses Into Ocean
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