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A rally on Friday marked a new peak for Netflix’s stock since it went public in 2002. (Paul Sakuma/ Associated Press/ File) |
MARKET MOVERS
Investors shook off concerns about DVD-by-mail pioneer Netflix Inc.’s rising expenses and focused on an upcoming deal that is expected to bring in a wave of new subscribers. The spree was spurred by the growth potential of Netflix’s supplemental service for streaming video over high-speed Internet connections. Analysts quickly concluded Netflix has probably arranged to stream video through Playstation 3 or Wii.
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