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Netflix

Day in Tech History/ Stock

May 29, 2002: Netflix Filed IPO

Jeffrey Powers @geekazine apple, caption, ceo, comcast, Cox Communications, domain name, DVD, firewire, geek history, Google, history, IEEE 1394, initial public offering, IPO, mail service, millionth, mobile solution, Motley Fool, netflix, Podcast, Qwikster, Reed Hastings, stitcher, stock price, Streaming media, technology history, Ted Sarandos, Vim 0 Comments May 29, 2016

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Netflix
May 29, 2002: Netflix initiated Public Offering at $15/share

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).

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  • Vim 4.0 is released
  • believeinkids.com became the 5 millionth domain name
  • IEEE 1394 officially becomes “Firewire”

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