29 May, 2002
Initial public offering
IPO0 Comments
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Kathryn Trumbull
Kathryn Trumbull2014-08-07 17:43:402014-08-07 17:43:40Initial public offeringNetflix initiates an initial public offering, selling 5.5 million shares of its common stock at $15 per share. It is traded under the symbol “NFLX”.
29 Aug, 1997
Business start
Founding0 Comments
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Kathryn Trumbull
Kathryn Trumbull2014-08-07 16:27:512014-08-07 16:27:51Business start
Marc Randolph and Reed Hastings found and launch the Netflix website after Hastings was outraged at a $40 overdue fee when he tried returning Apollo 13 to a local video rental store. Originally, Netflix was created with 30 employees and only 940 titles for rent at 50¢ a piece.