Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday October 27, 2012

Netflix Stock Rises on Microsoft Acquisition Rumor

Netflix got a much needed bump in its stock prices merely on speculation from an unsubstantiated rumor that Microsoft was contemplating acquiring Netflix. On the rumor alone, Netflix stock prices rose 13% on Friday which begs the question how high would the stock have climbed if the rumor had been confirmed.

The rumor comes during the same week that Netflix reported that it had missed third-quarter subscriber projections