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Netflix

Investors Welcome Netflix Price Hike, Stock Hits New Life-Time High

Shares of Netflix Inc. (NASDAQ: NFLX) touched a new life-time high of $304.79 on Wednesday after the online movie rental major jacked up its prices for DVD and streaming services. Though the subscribers blasted Netflix for raising its prices, investors welcomed the move as it will help save the company millions of dollars in streaming costs.

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