Netflix Kicks 2013 Off With a Bang

Netflix (NASDAQ:NFLX) hasn’t had an easy two years: Chief Executive Officer Reed Hastings’s 2011 decision to separately price the company’s DVD and streaming services caused shares to fall 80 percent from their high of $298.73, and the company endured pressure from shareholder Carl Icahn to sell itself for much of last year. But the video streaming service began 2013 on an upswing, with shares rising just above the $100 mark in the first two weeks of the year on news of a content deal with Time Warner’s (NYSE:TWX) Warner Brothers Televisions Group.

Aside from the content additions, a few other events have affected Netflix this week:

GameFly Inc v. Postal Regulatory Commission

A federal appeals court ruled on Friday that Netflix’s DVD-by-mail business has an unfair advantage over similar services, reported The Wall Street Journal. Netflix, which is the United States Postal Service’s biggest DVD mailer, purportedly receives preferential treatment; its discs are hand-sorted by USPS workers for no additional charge instead of being passed through the automated mail processing system, which can damage DVDs. Video-game mailer GameFly alleged that it had not been given that option, and as a result, it has had to find different methods to protect its mailings…

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Get our fresh Feature Stock Pick now!

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Premium Newsletters

Stock Investor Cheat Sheet

Stock Investor Cheat Sheet®

The ultimate Cheat Sheet for finding winning stock picks.
Learn More

Gold & Silver Newsletter

Gold & Silver

Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
Learn More

Commodities Premium Newsletter

Commodities Premium

There's always a bull market in some sector! Find the best opportunities in commodities.
Learn more

ETF Investing

ETF Investing

At last, a trading system that buys the right ETFs at the right time, time after time!
Learn more

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business