May 29, 2002: Netflix Filed IPO
Subscribe! Apple Podcasts | Google Podcasts | Stitcher | RSS | More
2002– Netflix, the rental movie-by-mail service, initiated their Public offering. They sold 5,500,000 starting at $15 a share. They sold an additional 825,000 the next day. Of course, the Netflix stock has fluctuated over the years, including 2011, when CEO Reed Hastings tried to split their online and DVD rentals, then announced Qwikster – with hopes to sell that side of the company. Of course, he retracted that statement, but not before loosing 2/3 of stock price (was at $291 in 2011, now at $70 / share).
Full Day in Tech History podcast show notes for May 29
Subscribe to Day In Tech History:
RSS Feed - iTunes - Google Play - Spotify
Twitter - Facebook
- RSS Bandwidth by Cachefly Get a 14 Day Trial
Be a Part of the Sconnie Geek Nation!
In Wisconsin, friends are called "Sconnies". Even if you're not from Wisconsin, you can be part of the Sconnie Geek Nation through my coverage! By pledging, you join the Geek Sconnie Nation! Plus, you help me cover costs so I can continue the coverage of Gadget tech, music tech, and geek culture through the shows.
- Vim 4.0 is released
- believeinkids.com became the 5 millionth domain name
- IEEE 1394 officially becomes “Firewire”