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Netflix to join Nasdaq 100
MUMBAI: OTT subscription service Netflix will become a component of the Nasdaq-100 Index, the Nasdaq-100 Equal Weighted Index and the Nasdaq-100 Ex-Technology Sector Index prior to market open on 6 June 2013.
Netflix will replace Perrigo Company.
The California headquartered Netflix has a market capitalisation of approximately $12.1 billion. The move comes at a time when its stock price has more than doubled since the start of the year. The company is looking at creating more original content.
